18
Jun
The disinflation trend is expected to continue but at a moderated pace despite the depreciation of the cedi and expected petroleum price hikes. According to GCB Capital, the near-term inflation profile now appears elevated, with the lagged impact of cedi depreciation, transport fare hike and the implementation of the second quarter 2024 utility tariff adjustment set to moderate the pace of disinflation in the second half of the year. It pointed out that the continuous disinflation will be driven largely by favourable base drift, which should sustain the decline in year-on-year inflation. “We expect the imminent main crop harvest season…