Ghana 08.05.24

• Ghana's inflation slowed down in April. Inflation rose at a rate of 25% compared to 25.8% in March. The Bank of Ghana is expected to leave its benchmark interest rate unchanged in May. So far the Cedi has depreciated 13.7% to the dollar this year. Cedi (USD/GHS) Slump Likely to See Ghana Hold Rates Even as Inflation Slows - Bloomberg

• China has reiterated its commitment to Ghana's government this week when a meeting took place between the Chinese ambassador to Ghana and a minister from the government. Ghana-China Deepens Bilateral Relationship - Ministry of the Interior│Republic of Ghana (mint.gov.gh)

• Ghana is currently experiencing one of its worst cocoa harvests in decades. Currently, they do not have enough beans to be able to fulfil deliveries of up to half a million tonnes of pre-sold cocoa beans. Cocoa beans make up 20% of the countries' joint output. Ivory Coast, Ghana Unable To Deliver Up To 500,000 Tonnes Of Pre-Sold Cocoa Beans | ESM Magazine

• Ambassadors from 21 African members states are heading to Accra this week for a conference aimed at enhancing the regions anti-corruption efforts. Landmark anti-corruption conference in Ghana | Commonwealth