Ghana’s construction sector ended 2025 on a markedly calmer inflation path, with the latest Prime Building Cost Index pointing to sustained price stability and easing cost pressures across key inputs.
The December 2025 Prime Building Cost Index and Inflation Report, released by the Government Statistician, Dr. Alhassan Iddrisu, shows that year-on-year inflation for the building industry slowed to 4.4%. This means that, on average, building input prices in December 2025 were 4.4% higher than in December 2024.
On a month-on-month basis, inflation turned negative at -0.2%, indicating that building input prices fell slightly between November and December 2025.
“In plain language, what this tells us is that between November and December 2025, building input prices actually declined by 0.2 %,” Dr. Iddrisu explained. “This is a key message for the construction sector. We are seeing price stability, and even a small reduction in overall monthly building costs.”
He added that beyond the short-term movement, the broader trend is one of stabilisation. “Over time, prices are becoming very stable. The strong price pressures we experienced previously have reduced significantly, and the construction sector is operating in a much calmer inflation environment.”
The December 2025 inflation figure marks the eighth consecutive decline in year-on-year building inflation, underscoring the sustained easing of cost pressures in the sector.
According to the Ghana Statistical Service, the 4.4% annual inflation rate represents a 1.5 percentage point drop from the November 2025 rate of 5.9%. More strikingly, it reflects an 18.2 percentage points decline from the 22.65 inflation recorded in December 2024.
“This is a significant turnaround,” Dr. Iddrisu noted. “It tells us that the intense price pressures the industry faced a year ago have moderated substantially.”
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