Ghana’s inflation rate moderated slightly to 25% YoY in April from 25.8% in March, still significantly exceeding the central bank’s target range of 6% to 10%. The slight decrease was attributed to a favorable base effect, though the local currency’s weakness continues to exert upward pressure on inflation. The cedi depreciated nearly 14% against the USD YTD, affecting food inflation, which eased to 26.8% in April, and non-food inflation, which increased due to rising transportation costs.