ACCRA, July 29 (Xinhua) — The Ghana Statistical Service (GSS) has announced that the country’s prime building cost inflation, which measures how the overall cost of constructing buildings changes over time, has increased 0.4 percentage points to 3.1 percent in June, compared with 2.7 percent the previous month.
Alhassan Iddrisu, the government statistician at the GSS, said on Tuesday the plant group recorded the highest year-on-year inflation rate of 16 percent, followed by the material group with 3.9 percent and the labor group with -2.6 percent.
“Building cost inflation has slowed down sharply, from 18.1 percent in June 2025 to 3.1 percent in June 2026,” Iddrisu said.
Despite the slight increase from 2.7 percent in May, the official said building costs are increasing far more slowly than a year ago, supporting better planning and investment. He added that construction materials remained the biggest contributors to overall building cost inflation, with material inflation being the main driver.
The relatively lower inflation rate in the sector, according to Iddrisu, presents businesses and households with the opportunity to plan their construction projects more effectively. Enditem