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Ghana inflation seen easing to 21% in May, 17% by year-end

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Inflation is expected to fall to 21% in May 2024 and end the year at around 17% GCB Capital attributes this decline to base effects However, GCB Capital expresses concern about the anticipated pass-through of the current spate of cedi depreciation and its lagged impact, citing second-round effects as an upside risk to the near-term outlook The company notes that multiple upward adjustments in ex-pump petroleum prices, resulting in transport fare hikes, and the full pass-through to general prices is yet to come, posing a risk to near-term inflation. The Monetary Policy Committee (MPC) maintained a tight monetary policy stance...
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