Ghana construction cost inflation shows cement deflation versus equipment cost rise

Ghana's May 2026 construction cost data reveals a divergence between cement price deflation and rising equipment costs, creating mixed signals for capital expenditure planning in the country's infrastructure and real estate sectors. The data is relevant for investors underwriting construction-heavy projects including the Keta Port development and the Farmer Service Centre rollout. Combined with Ghana's rising producer inflation and tariff hike signals, the construction cost dynamics add further complexity to capex modelling for Ghana infrastructure deals.