The Ghana Statistical Service (GSS) has reported that the Prime Building Cost Index (PBCI) recorded a year-on-year inflation rate of 2.2 percent in March 2026, reflecting changes in the overall cost of construction inputs such as materials, labour, and equipment.
The PBCI, benchmarked to a 2023 base year of 100, serves as a key tool for investors, developers, contractors, and policymakers to negotiate contracts, adjust bids, budget effectively, and monitor inflation trends in the building sector.
According to the GSS, the monthly change rate for March stood at 0.8 percent. At the group level, labour recorded a year-on-year inflation rate of 1.6 percent, materials 2.3 percent, and plant 2.6 percent.
Significant variations were observed at the sub-group level. Glazing registered the highest inflation rate at 11.9 percent, while cement recorded the lowest at -8.3 percent. Out of 23 sub-groups, 12 recorded inflation rates above the national average of 2.2 percent.
Officials noted that the index provides critical insights into the building sector, helping stakeholders anticipate cost movements and plan accordingly.
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