Ghana’s central bank raised the benchmark interest rate to 28% from 27% to curb inflation. The move aims to re-anchor the disinflation process, and the central bank expects stability in the cedi. The government targets lowering inflation to 11.9% by the end of the year and forecasts economic growth of 4.4% in 2025. Ghana’s inflation has averaged 23% over the past year due to a sharp depreciation of the cedi until November. The central bank targets inflation in the 6% to 10% range.