A communication team member of the opposition National Democratic Congress (NDC), Eric Sosu, has bemoaned the rate at which the prices of building materials keep rising.
He explained that the rising cost of materials such as iron rods, cement, and other items is affecting the entire construction industry.
The challenge he lamented is affecting the cost of projects, and if care is not taken, it could deprive many of affordable homes and rent.
He indicated that the situation is also affecting the chain from labour, transportation, the general cost for building and at the ned, the end consumer is the one who would suffer.
Mr. Sosu also noted that the rising cost of building materials is hurting demand for projects and profits for the construction industry.
He warned this could affect the job market as labourers could lose their jobs since building contractors might halt projects.
He posited that the recent increments have been unusual and is putting a strain on the economy.