Ghana news briefing
Ghana’s building cost inflation edges up to 3.1% despite falling monthly prices
By GhanaSummary Newsroom1 min read
7 percent in May, although overall construction input prices declined slightly on a month-on-month basis, according to the latest Prime Building Cost Index (PBCI) released by the Ghana Statistical Service (GSS).
However, the Service warned that plant and equipment costs are emerging as the biggest risk, with annual inflation in that category surging to 16 percent, compared with 9.5 percent of the index basket, contributing about 96 percent of the overall increase in building costs.
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