Market analysts expect Ghana’s inflation to slow further in April, projecting a year-on-year rate of 21.8 percent, driven by relatively stable fuel prices and a more stable cedi.
This follows a moderation in March inflation, which eased to 22.4 percent.
ADVERTISEMENT
A report from Databank Research predicts the disinflation trend will continue, supported mainly by improved food supply conditions.
However, the report cautions that maintaining this downward trajectory will depend heavily on future monetary policy decisions.
It warns that any premature interest rate cut especially at the upcoming May 2025 meeting could undo recent progress, despite the policy rate having been increased to 28 percent in March.
