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Ghana’s building construction inflation continued its steady decline in November 2025, falling to 5.9 per cent, down from 7.8 per cent in October, according to the latest Prime Building Cost Index (PBCI) released by the Ghana Statistical Service (GSS)
The GSS says the latest figure marks the seventh consecutive drop in year-on-year building cost inflation, signalling a gradual easing in the cost pressures facing the construction sector. In November, the PBCI stood at 131.3, up from 123.9 in the same period last year.
On a month-on-month basis, prices of building inputs rose slightly by 0.4 per cent between October and November, indicating 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 12.7 per cent, although this also declined from 13.7 per cent in October. Materials inflation eased further to 4.2 per cent, while inflation for plant and equipment slowed to 5.3 per cent, both recording month-on-month price declines
At the sub-group level, equipment, skilled labour, and steel emerged as the biggest contributors to construction inflation, while cement and reinforcement recorded negative inflation, suggesting falling prices in those categories.
The Ghana Statistical Service says the stabilisation in construction costs presents an opportunity for households, businesses and government. It has encouraged individuals to consider starting or resuming building projects, advised businesses to lock in current prices through medium-term contracts, and urged government to fast-track infrastructure projects while costs remain relatively lower
For many Ghanaians grappling with rising housing costs and stalled building projects, the sustained drop in construction inflation offers cautious relief and could help ease pressure in the housing and infrastructure sectors if the trend is maintained.
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