Building inflation in Ghana remained unchanged at 2.2% in April 2026. The Ghana Statistical Service released this figure through its latest Prime Building Cost Index.
This stability occurred despite continued increases in the cost of key building materials and equipment. Overall prices of building inputs rose by 1.5% between March and April. This highlights persistent monthly cost pressures within the construction sector.
The construction sector contributes significantly to Ghana's Gross Domestic Product. Steady building inflation, alongside rising input costs, suggests contractors face narrower profit margins. This trend could affect housing affordability and infrastructure development in the country. Data from the Bank of Ghana consistently shows that inflation rates are a key concern for economic stability.
The Prime Building Cost Index noted that labour inflation eased during the review period. Year-on-year labour inflation declined to 1.0% in April from 1.6% in March. However, labour costs still recorded a monthly increase of 0.8%. This suggests gradual upward pressure on wages in the construction industry.
Material costs form the largest part of construction expenses. These costs increased marginally on an annual basis to 2.4% in April from 2.3% in March. Monthly material inflation climbed by 1.7%. This reflects continued price changes for critical construction inputs.
The report also recorded a sharp increase in plant inflation. This measures the cost of construction equipment and tools. Year-on-year plant inflation rose to 4.7% in April from 2.6% previously. Monthly prices for plant equipment increased by 1.8%.
At the sub-group level, glazing saw the highest inflation rate at 16.2%. This makes it the fastest-rising cost component in the building sector. In contrast, cement prices declined significantly. Cement recorded the lowest inflation rate of negative 11.2%.
These latest figures suggest that overall construction inflation has moderated compared to last year. However, cost pressures remain in selected material and equipment categories. Contractors and developers will continue to monitor volatile items. These include glazing, plumbing materials, roofing sheets, and electrical works. They will adjust project budgets and pricing strategies in response.
The Prime Building Cost Index tracks changes in the cost of building materials, labour, and equipment. It serves as a key benchmark for the construction industry. Decision-makers will closely watch these trends. Volatility could impact future project viability and investment in the sector.