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.

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

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

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

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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.

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