Financial analysts are predicting a further decline in Ghana’s inflation rate for April, with expectations of a drop to 21.8 percent year-on-year, attributed to steady fuel prices and a more stable cedi.

This comes after March's inflation rate fell to 22.4 percent.

According to Databank Research, the easing of inflation is likely to continue, driven mainly by better food supply conditions.

However, the report also warns that sustaining this trend will depend on upcoming decisions related to monetary policy.

It raises concerns that cutting interest rates too early especially at the May 2025 meeting could undo the progress, despite the policy rate being raised to 28 percent in March.