For the second consecutive meeting on Monday, the central bank of Ghana maintained its main interest rate at 29%, while the fall in the local currency, the cedi, slowed the decline in inflation.

Consumer inflation fell slightly last month, from 25.8% in March to 25.0% year-on-year, but it remains well above the central bank's 8% target, with a margin of error of 2 percentage points on both sides. According to the governor of the Bank of Ghana, Ernest Addison, speaking at a press conference, “the latest forecasts show a slightly elevated inflation profile due to recent pressures on exchange rates.” He said that inflation is expected to fall between 13% and 17% by the end of 2024. According to Addison, the CEDI had been partially affected by speculative purchases of foreign currencies, but that the central bank had enough reserves to support the market. Last week, Ghana received a draft memorandum of understanding from its bilateral creditors, including China and France, from its bilateral creditors, including China and France, to restructure $5.4 billion in debt, which it is currently reviewing before signing