Senyo K. Hosi, Entrepreneur, Finance & Economic Policy Analyst, says Ghana’s sharp disinflation in 2025 was significantly supported by currency stability linked to the Domestic Gold Purchase Programme.

He notes that inflation declined from 24 percent in 2024 to 6.3 percent by November 2025, citing IMF assessments that attribute the trend partly to exchange rate appreciation.

Hosi further highlights that Ghana’s import bill, estimated at US$17.7 billion, benefited from exchange rate gains, generating savings exceeding GH¢60 billion across the economy.

“These savings have translated into improved real spending power for households and businesses,” he says, referencing improved consumption indicators.

Hosi concludes that the DGPP’s impact extends well beyond financial accounting. “If we focus only on the cost, we miss the enormous value created for the economy,” he argues.