Prices trend of selected building and construction materials on Ghanaian construction market: 2011–2016
Prices trend of selected building and construction materials on Ghanaian construction market: 2011–2016
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Date
2018-11-16
Authors
Danso, Humphery
Obeng-Ahenkora, N. K
Manu, Dorothy
Journal Title
Journal ISSN
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Publisher
Talor&Francis
Abstract
Increase prices of building and construction materials have the tendency of increasing the cost
or prices of housing for both buying and renting purposes. This study investigates the prices
trend of some selected common building and construction materials on the construction market
in Ghana. Average annual prices of building materials from 2011 to 2016 were collected from
Public Procurement Board and used in the determination of the trend in prices of building and
construction materials in Ghana. The data were inputted into Microsoft Office Professional Plus
Excel, version 2016 for generating graphs for analysis. It was revealed that materials such as fine
aggregates, felt, aluminium roofing sheets and sandcrete blocks had an inconsistent (fluctuating)
increase in price. It was further found that other materials such as coarse aggregates, ordinary
Portland cement, concrete kerbs and high-tensile steel rods had a consistent increase in prices
along the study period. The study concludes that there is general increase prices trend of the
selected building and construction materials on the construction market in Ghana. It is recom mended for government and the legislature to take the necessary measures and enact laws to
control the factors that contribute to the increasing prices of building and construc tion materials.
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Citation
Danso, H., Obeng-Ahenkora, N. K., & Manu, D. (2021). Prices trend of selected building and construction materials on Ghanaian construction market: 2011–2016. International Journal of Construction Management, 21(3), 284-291.