Independent Candidate, Alan Kyerematen has pledged to stabilise the economy and reduce the exchange rate to below 5 cedis if elected as President.
He made this statement during Mega Victory Walk in the Greater Accra Region, on 2nd November 2024
Mr. Kyerematen expressed concern about the ongoing economic challenges, highlighting his dedication to driving economic transformation to tackle the country’s issues with inflation and exchange rate instability.
“The exchange rate is currently almost 1=17 cedis, and that is unacceptable,” he stated, pledging to overhaul the economy and bring the rate to a level that would restore confidence and purchasing power for Ghanaians.
In his post-Walk speech, Alan addressed four critical issues confronting the nation: unemployment, corruption, illegal mining (galamsey), and a struggling economy.
He reassured the audience that his Great Transformational Plan (GTP) includes comprehensive strategies to tackle these issues, presenting it as the only practical and detailed blueprint aimed at addressing the underlying causes of Ghana’s challenges.
Alan underscored that he is the only politician openly offering actionable solutions to the country’s most urgent problems, further boosting his supporters’ confidence.
He outlined a vision centered on an agricultural revolution, industrial transformation, and tourism promotion—key areas he believes will drive job creation and economic resilience. “By investing in agriculture and supporting local industries, we can build sustainable job opportunities, especially for the youth,” he explained. His plan also emphasizes reducing import dependency and strengthening domestic production to alleviate pressure on the cedi.
Addressing youth empowerment, Alan expressed concern over high youth unemployment, which has led many into illegal mining, known as galamsey.
He pledged to create legal avenues for young Ghanaians to enter small-scale mining responsibly.
“I will cease the licenses of those politicians who have been using the youth and give them to the youth to establish small-scale mining companies that they will own,” he assured. He added that the government would provide mining equipment and machines on a work-and-pay basis, allowing young entrepreneurs to establish themselves in the sector.
The former Trade and Industry Minister outlined policies aimed at enabling young people to establish their own businesses. Alan assured the public that his government would support young entrepreneurs with funding, business development training, and access to markets to grow their enterprises.
“Due to the various youth empowerment policies, it will be difficult for the youth to complete school without securing jobs or self-employment opportunities,” he added.
Mr. Kyerematen also made clear his position on political inclusivity, announcing that his government would prioritize a national unity approach by appointing the most qualified individuals across political lines to key positions.
“In my government, if you are NDC, NPP, or someone who doesn’t do politics but can do the job, I will appoint you to be part of it,” he declared, emphasizing that competency would be the primary consideration.
A key promise in his speech was that job opportunities would be accessible to all, without political affiliations. “In my government, you don’t need a political party card before you get a job to do. All you need is the Ghana Card,” he assured the youth, committing to remove barriers that limit access to employment based on party loyalty.
Alan’s proposed policies, including youth empowerment, an emphasis on agriculture and industry, and support for responsible small-scale mining, align with his GTP. By addressing the root causes of economic instability, Mr. Kyerematen believes his administration can set the nation on a sustainable path to prosperity.
With a clear objective to address the current exchange rate and inflation crisis, Alan’s vision reverberates with a nation yearning for economic relief and sustainable development.
