Ghana's cedi has been named the world's best-performing currency so far in April, according to data compiled by Bloomberg.

The currency's sharp appreciation has played a key role in helping the country ease inflationary pressures, pushing the inflation rate to an eight-month low.

Consumer prices in Ghana rose by 21.2% in April, down from 22.4% in March, Government Statistician Alhassan Iddrisu announced in Accra.

Monthly inflation stood at 0.8%.