Gold prices declined by 5.3 percent to US$1,760.7 per ounce on account of stronger US Dollar and rising US Treasury yields. Cocoa prices eased to US$2,419.5 per tonne compared to US$2,523.9 per tonne due to increased supply in Ivory Coast. However, headline inflation dropped sharply to 8.5 percent in April 2021, mainly driven by lower food prices and base drift effects, from 10.3 percent in March. Similar to headline inflation trends, underlying inflation pressures, gauged by the Bank’s core inflation measure, which excludes energy and utility, eased in April 2021. Below is the full circular from Bank of Ghana:

Source: GhanaWeb June 12, 2021 11:48 UTC