Ghana building inflation continued its downward trend in March 2026, easing to 2.2 percent year-on-year, according to the latest Prime Building Cost Index (PBCI) released by Government Statistician Dr. Alhassan Iddrisu.
The figure represents a slight drop from 2.4 percent recorded in February and a sharp decline from 23.6 percent a year earlier, marking eleven consecutive months of easing inflationary pressures in the construction sector.
Despite the overall slowdown, building costs still recorded a short-term rise of 0.8 percent between February and March, indicating that prices continue to climb gradually.
Labour inflation declined to 1.6 percent from 2.4 percent, while materials inflation edged down to 2.3 percent. However, plant and equipment costs remained unchanged at 2.6 percent, emerging as a key driver of ongoing price pressures.
Uneven Price Trends Across Inputs
The data reveals significant variations among construction inputs. While glazing prices surged by 11.9 percent, cement recorded a negative inflation rate of 8.3 percent, contributing to the broader decline in overall inflation.
These disparities explain why inflation is falling even as certain materials continue to experience price increases.
According to Dr. Iddrisu, the easing trend presents a strategic opportunity for stakeholders.
“Falling building inflation creates a window for action,” he noted, suggesting that government can accelerate infrastructure projects, while businesses and households take advantage of improved cost certainty for construction planning.
READ ALSO: Ghana's Banking Sector Assets Hit GH¢465.4bn in 2026
