Ghana’s building inflation remained stable at 2.2% in April 2026. The Ghana Statistical Service reported this figure, indicating consistent construction costs.
The Prime Building Cost Index (PBCI) reached 136.1 in April 2026, up from 133.2 in April 2025. This 2.2% increase represents the average jump in building material costs over one year. On a monthly basis, prices for building inputs rose by 1.5% between March and April 2026.
This relative stability in overall construction costs is significant for Ghana’s broader economic outlook. The construction sector contributes notably to the nation’s Gross Domestic Product (GDP). Stable building inflation can help control property development costs and keep housing affordable. It also impacts government infrastructure projects, influencing national spending and budget management.
Government Statistician Alhassan Iddrisu highlighted changes to the PBCI. He stated the revised index now uses 2023 as its base year. It tracks 406 items across all 16 regions of Ghana. This updated methodology provides more accurate and timely data on construction cost trends.
Looking ahead, decision-makers will closely monitor specific material price movements. The Ghana Statistical Service advises households to consider building when prices for cement and steel are lower. However, they should also budget carefully for high-cost items. These include glazing, plumbing, and roofing sheets, which continue to drive inflation.
Glazing recorded the highest year-on-year inflation at 16.2% in April 2026. Plumbing followed with 14.5%, and roofing sheets increased by 13%. Electrical works remained the leading contributor to overall sector inflation. It accounted for 52.8% of the total inflation contribution. Glazing contributed 37.4%, while metalwork contributed 23% and plumbing 22.3%.
Some major construction materials showed price declines, balancing the overall index. Cement inflation fell by 11.2%. Steel prices also dropped, recording a negative 3.6% inflation rate. These reductions offer some relief to builders and developers.
Labour costs also saw some moderation within the sector. Labour inflation slowed to 1% in April 2026. This was down from 1.6% in March 2026. Still, labour costs increased by 0.8% on a monthly basis, adding to overall construction expenses.
The consistent building inflation rate could attract more investment into Ghana’s real estate sector. Predictable costs reduce financial risks for developers and investors. Such stability is crucial for economic planning and for securing international and local development funds. The government’s renewed focus on accurate data collection will further support these efforts.