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Ghana's Inflation Drops to 21.2% Amid Strong Cedi

5/8/2025

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Summary

Story summary

Ghana's inflation rate fell to 21.2% in April, continuing a four-month downward trend.
Non-food prices rose by 17.9% in April, aided by lower import costs and a stronger currency.
The Ghanaian Cedi has emerged as the best-performing currency globally since April.
The central bank may maintain interest rates due to persistent inflation risks from rising utility prices.

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Story summary

Ghana's inflation rate fell to 21.2% in April, continuing a four-month downward trend.
Non-food prices rose by 17.9% in April, aided by lower import costs and a stronger currency.
The Ghanaian Cedi has emerged as the best-performing currency globally since April.
The central bank may maintain interest rates due to persistent inflation risks from rising utility prices.