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Inflation slows down marginally from 25.8% to 25% in April

Ghana’s inflation rate saw a marginal decrease from 25.8% in March of this year to 25.0% in April.

According to the Ghana Statistical Service, this means that the overall prices of goods and services increased by 25.0% between April 2023 and April 2024.

This also indicates a decrease of 0.8 percentage points in April compared to the figure recorded in March 2024.

On a month-to-month basis, the GSS reported that prices of goods and services increased by 1.8% between March and April 2024.

This represents 0.1 percentage points increase in April compared to the figure recorded in March.

It is still uncertain whether the Central Bank will need to maintain or raise its monetary policy rate, which currently remains unchanged at 29% after its last meeting in March 2024.

Additionally, Bloomberg’s estimates show that the Ghana Cedi has depreciated by 13.7% against the US dollar so far this year.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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