Inflation to trend downwards in coming months – Report

GCB Capital has predicted Ghana's disinflation trend to persist but at a slower pace due to cedi depreciation, upcoming petroleum price hikes, and recent utility tariff adjustments.

While favorable base effects will continue to drive disinflation, pressures from currency depreciation and transport fare increases will moderate this trend. The main crop harvest season is expected to enhance food-related disinflation.

Additionally, peace talks in the Middle East and the US Federal Reserve's stance on interest rates may improve the crude oil supply outlook.

Completion of Ghana's IMF program review and release of funding should bolster foreign exchange reserves, supporting ongoing disinflation.