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Market analysts are forecasting a further slowdown in Ghana’s inflation for April, projecting it to ease to 21.8 percent year-on-year, driven by relatively stable pump prices and a steadier cedi.
Market analysts are forecasting a further slowdown in Ghana’s inflation for April, projecting it to ease to 21.8 percent year-on-year, driven by relatively stable pump prices and a steadier cedi.
This follows the moderation in March’s inflation to 22.4 percent.
A report by Databank Research anticipates that the disinflation trend will persist, supported largely by improved food supply dynamics.
However, on the broader outlook, the report warns that sustaining this downward momentum will hinge on monetary policy decisions.
It cautions that any premature interest rate cut—particularly at the upcoming May 2025 meeting—could reverse the gains, despite the policy rate having been raised to 28 percent in Marc…
