Ghana’s building construction inflation continued its steady decline in December 2025, easing to 4.4% from 5.9 % in November, according to the latest Prime Building Cost Index (PBCI) released by the Ghana Statistical Service (GSS).
The GSS noted that the December figure marks the 8th consecutive year-on-year decline in building cost inflation, pointing to a gradual easing of cost pressures in the construction sector. The PBCI stood at 131.0 in December 2025, marginally lower than the 131.3 recorded in December 2024.
On a month-on-month basis, prices of building inputs rose slightly by 0.2% between November and December, reflecting marginal increases despite the broader downward trend in annual inflation.
A breakdown of the data shows that labour costs remain elevated, with year-on-year labour inflation at 10.7%, although this represents a decline from 12.7% in November. Materials inflation eased further to 2.7%, while plant and equipment inflation edged up to 5.6%, even as both categories recorded month-on-month price declines.
At the sub-group level, equipment, skilled labour, and steel were the largest contributors to construction inflation. In contrast, cement and reinforcement recorded negative inflation, indicating falling prices in those categories.
According to the GSS, the stabilisation in construction costs presents opportunities for households, businesses, and government. The Service has encouraged individuals to consider starting or resuming building projects, advised businesses to lock in current prices through medium-term contracts, and urged the government to fast-track infrastructure projects while costs remain relatively lower.
For many Ghanaians facing rising housing costs and stalled building projects, the sustained decline in construction inflation offers cautious relief and could help ease pressure in the housing and infrastructure sectors if the trend is maintained.
