Private legal practitioner, Martin Kpebu, says Ghana’s recent macroeconomic improvements, including currency appreciation and reduced inflation, have delivered tangible benefits to citizens and should not be dismissed.
Speaking on the KeyPoints with Alfred Ocansey, he pointed to the strengthening of the cedi in 2025, which he says helped ease prices of goods and improved overall living conditions.
“When the exchange rate moved from about 14.7 to around 10 cedis to the dollar, we saw prices of goods coming down significantly,” he said on May 2.
Mr. Kpebu argued that the impact was reflected in everyday market prices, including food staples such as rice and eggs, which saw notable reductions during the period.
He also referenced reports of declining food inflation, noting that some data showed average food prices dropping by more than 30 percent in 2025.
According to him, this translated into real relief for households, even if unemployment remains a structural challenge.
“For many people, cost of living reduced. That is a fact we cannot ignore,” he said.
Mr. Kpebu added that government fiscal discipline also contributed to the gains, arguing that tighter spending helped stabilise the economy.
“If government had gone on excessive spending, we would not have seen these gains,” he noted.
He cited debt servicing savings as another outcome of improved macroeconomic conditions, referencing claims that Ghana saved significantly from early debt repayments.
While acknowledging external factors such as global oil prices, he maintained that domestic policy decisions played a key role in recent economic stability.
By Christabel Success Treve
