Inflation expected to ease further in April – Report

Market analysts expect Ghana's inflation to slow down in April. They project it will ease to 21.8 percent year-on-year. This change is due to stable pump prices and a steadier cedi.

In March, inflation moderated to 22.4 percent. A report by Databank Research suggests this disinflation trend will continue. Improved food supply dynamics are a key factor in this expectation.

However, the report warns about the broader outlook. Sustaining this downward trend depends on monetary policy decisions. It cautions against any premature interest rate cuts at the May 2025 meeting.

Such cuts could reverse recent gains, even with the policy rate at 28 percent since March.