gcc-12 is not available in ubuntu 20.04, so we need to compile it from source code, here are the steps which I borrowed from this video:

• Step 1: clone gcc source code and checkout gcc-12 branch

$ git clone https://gcc.gnu.org/git/gcc.git gcc-source
$ cd gcc-source/
$ git branch -a
$ git checkout remotes/origin/releases/gcc-12

• Step 2: make another build dir

Note this is important as running ./configure from within the source directory is not supported as documented here.

$ mkdir ../gcc-12-build
$ cd ../gcc-12-build/
$ ./../gcc-source/configure --prefix=$HOME/install/gcc-12 --enable-languages=c,c++

• Step 3: installing GCC prequisites and run configure again

The missing libraries will be shown in above ./confgiure output, search and install them one by one.

$ apt-cache search MPFR
$ sudo apt-get install libmpfrc++-dev
$ apt-cache search MPC | grep dev
$ sudo apt-get install libmpc-dev
$ apt-cache search GMP | grep dev
$ sudo apt-get install libgmp-dev
$ sudo apt-get install gcc-multilib
$ ./../gcc-source/configure --prefix=$HOME/install/gcc-12 --enable-languages=c,c++

An alternative is to run the download_prerequisites script.

 cd gcc-source/
$ ./contrib/download_prerequisites
$ ./../gcc-source/configure --prefix=$HOME/install/gcc-12 --enable-languages=c,c++

• Step 4: compile gcc-12

$ make -j16

Still flex is missing:

$ sudo apt-get install flex
$ ./../gcc-source/configure --prefix=$HOME/install/gcc-12 --enable-languages=c,c++
$ make -j16
$ make install

Another way is to use Ubuntu 22.04 where gcc-12 is available. In Ubuntu 22.04, gcc-12 can be installed with apt:

$ sudo apt install gcc-12