BusinessEconomy

Building Costs Ease in Ghana’s Construction Sector

 

 

Ghana’s building construction inflation has continued its downward trend, easing to 4.4% in December 2025 from 5.9% in November, according to the latest Prime Building Cost Index (PBCI) released by the Ghana Statistical Service (GSS). This development signals a relief for the construction industry, which has been grappling with rising costs in recent times.

 

The decline in building construction inflation is a positive indicator of the country’s economic trajectory. According to the GSS, the decrease in inflation rate suggests a stabilization of construction material prices, which could boost investment in the sector.

 

The construction industry has been a significant contributor to Ghana’s economic growth, with various infrastructure projects underway across the country. The easing of building costs is expected to encourage more investments, create jobs, and drive economic expansion.

 

Experts attribute the decline in inflation to improved supply chains and government policies aimed at stabilizing the economy. They predict a continued downward trend in construction costs, which could lead to increased housing development and infrastructure projects.

 

The Ghana Statistical Service will continue to monitor the situation, providing regular updates on the Prime Building Cost Index. As the country strives to achieve sustainable economic growth, stakeholders are optimistic about the prospects of the construction sector.

 

The easing of building construction inflation is a welcome relief for Ghanaians, who have been facing increasing costs of living. As the government continues to implement policies to drive growth, the construction sector is poised to play a significant role in shaping the country’s economic future.

 

Call or WhatsApp +233 20 2190 250 and share your story.

 

Author: Korkor Anumu

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button