Former Majority Leader Osei Kyei-Mensah-Bonsu has praised the government for recent improvements in Ghana’s macroeconomic indicators, describing the appreciation of the cedi and the fall in inflation to 9.4% as a “stupendous achievement.”

Speaking on Channel One TV’s The Point of View with Bernard Avle on Monday, October 6, 2025, Mr. Kyei-Mensah-Bonsu acknowledged the progress made in stabilising the economy but cautioned that the gains must translate into tangible relief for citizens and businesses.

“What should concern us now is the cost of borrowing because it is not reflecting in that. Is there anything wrong? Because necessarily it should translate into that. If the interest rate is still hanging up there, it means some of the fundamentals are not talking to each other, and we need to interrogate that,” he said.

The former Suame MP credited part of the current stability to the international reserves accumulated by the previous administration, noting that the more than $9 billion in reserves provided a strong financial buffer for the economy.

While commending the government for steering the economy in a positive direction, Mr. Kyei-Mensah-Bonsu called for continued coordination between monetary and fiscal policies to sustain the recovery and ensure inclusive growth.

According to the Bank of Ghana’s latest Monetary Policy Report, average lending rates have eased from 26.6% to 24.2%, while yields on money market instruments are also trending downward. The 91-day Treasury bill rate, for instance, declined from 13.4% at the end of July 2025 to 10.3% in August, reflecting improved market confidence.

Mr. Kyei-Mensah-Bonsu concluded by urging policymakers to build on the current momentum through prudent management and reforms that make the economic gains felt at all levels of society.