Market analysts predict a continued decline in Ghana’s inflation rate for April, estimating it to drop to 21.8 percent year-on-year, influenced by relatively stable fuel prices and a more stable cedi.
This follows a decrease in March’s inflation rate to 22.4 percent.
A report from Databank Research suggests that the trend of disinflation is likely to continue, primarily due to improved food supply conditions.
However, the report also indicates that maintaining this downward trend will depend on monetary policy decisions.
It warns that any premature reduction in interest rates—especially at the forthcoming May 2025 meeting—could undermine the progress made, despite the policy rate being increased to 28 percent in March.
