Senyo Hosi has outlined what he describes as substantial fiscal savings resulting from Ghana’s improved exchange rate performance in 2025.
The Finance and economic policy analyst pointed to external debt servicing as a key beneficiary.
“Our ability to reverse the trajectory of the cedi from a projected GHS15.95 to a realised average of GHS12.53 saved the economy over GHS6.2 billion,” Hosi stated, adding that the figure translates to about US$560 million at year-end rates.
He also highlighted savings on payments to Independent Power Producers (IPPs).
“From IPP payments alone, we realised a saving in excess of GHS6.45 billion,” he said. “At year closing rates, this is about US$582 million.”
Beyond debt and energy costs, Hosi said import-related savings were even more significant.
“Our import bill is projected to end 2025 at about US$17.7 billion,” he noted. “The comparative saving exceeds GHS60 billion for the Ghanaian importer and consumer and for the economy as a whole.”
He stressed that these outcomes demonstrate why the US$214m spent on the DGPP cannot be viewed in isolation.
“The direct fiscal savings are more than five times the policy cost,” Hosi said.
