Ghana’s Prime Building Cost Index (PBCI), which measures prices of key inputs such as building materials, labor, and equipment used in the construction industry, slumped by 16.6 percentage points to 5.9 percent in November compared with 21.47 percent over the same period last year, said the Ghana Statistical Service (GSS) on Tuesday.
Acting Deputy Government Statistician Omar Seidu stated during the presentation that the November figure was also 1.9 percentage points lower than the 7.8 percent recorded the previous month.
“Overall prices of building inputs increased by 0.4 percent between October and Nov. 2025. Y-o-Y labor inflation fell to 12.7 percent in November, down from 13.7 percent in October. Monthly, labor prices increased by 2.6 percent between October and November,” Seidu stated.
According to him, materials inflation eased to 4.2 percent year-on-year from 6.3 percent in October and 0.1 percent monthly.
“With material prices stabilizing, it is a good time to start or resume your building projects. But people should consider phasing their projects to take advantage of the reducing costs,” the official urged.
The African Continental Engineering and Construction Network projects 2026 to be pivotal for the Ghanaian real estate sector as macroeconomic improvements and falling construction inflation “open a narrow but meaningful opportunity to tackle the long-running housing deficit and attract institutional capital.”
by Judah Adjei Mensah