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[BUSINESS] · Ghana · 5 sources

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Part of situation: Ghana macro stability, debt, and cedi volatility (46 clusters)

Ghana building cost inflation rises to 5.10% in September

Ghana building costs construction inflation Ghana Statistical Service building cost index construction materials

Building cost inflation in Ghana accelerated to 5.10% in September 2026, up from 4.60% in August. While the annual rate is significantly lower than the 9.7% recorded in September 2025, the market is experiencing a divide between different construction inputs.

According to the Ghana Statistical Service, month-on-month inflation remained stable at 0.03%. The annual increase is largely attributed to a lower price base in September 2025 rather than a sudden monthly price shock.

Construction costs are being driven upward by specialized components, with plant and equipment costs rising 19.10% year-on-year. Specific increases were noted in reinforcement (29.0%) and plumbing (27.5%). Conversely, core structural materials such as steel (down 8.8%) and cement (down 6.1%) saw price decreases, as did labour costs, which fell by 3.2%.

Entities

Alhassan Iddrisu · Ghana · Ghana Statistical Service

Sources

Malawi’s Construction Costs: Industry Insights from The Times Group [www.businessmalawi.com]
Unskilled construction labour costs fall 5.7% in September - GSS [metrotvonline.com]
Building Cost Inflation Rises to 5.10% as Equipment and Reinforcement Costs Surge [norvanreports.com]
Building costs in Ghana are rising at about half last year’s pace - GSS [3news.com]
Building inflation increases to 5.1% in September 2026, but cement inflation stood at -6.1% [www.ghanamma.com]