Inflation for the month of April slowed marginally to 21.23 percent from 22.4 percent in March. The drop was largely influenced by decline in food and non-food inflation compared to the same period for last year.

Ghana's consumer inflation slowed for a fourth month in a row in April, to 21.2% year on year from 22.4% in March, the statistics service said on Wednesday. Government statistician Alhassan Iddrisu told a news conference that the latest decline was driven by a moderation in both food and non food inflation.

With inflation easing further in April, the Bangko Sentral ng Pilipinas (BSP) signaled a “more accommodative” monetary policy stance as global headwinds are threatening to dampen domestic economic activity.