Alan Kyerematen, a presidential candidate, has assured Ghanaians that he is committed to stabilizing the economy and strengthening the cedi if elected. He pledged to bring the exchange rate below 5 cedis to the dollar, addressing one of the country’s major economic challenges.
In his message, Kyerematen highlighted his focus on implementing effective economic policies to curb inflation, create jobs, and reduce the cost of living. Emphasizing his background in trade and industry, he expressed confidence that his experience would enable him to restore economic stability and growth, improving the standard of living for all Ghanaians. His assurance aims to inspire hope among voters looking for a solution to the current economic issues.
In a bold commitment to Ghanaians, presidential candidate Alan Kyerematen has pledged to stabilize the economy and bring the cedi-to-dollar exchange rate down to below 5 cedis if elected. He highlighted his strategic approach to economic management, promising targeted measures to tackle inflation, boost investor confidence, and enhance the value of the cedi.
Kyerematen emphasized his extensive background in trade and industry, noting that his experience would be instrumental in reviving the economy and restoring stability. His pledge is aimed at reassuring Ghanaians of his capacity to address the economic challenges facing the country, including currency depreciation and the rising cost of living.
During a “mega victory walk” in the Greater Accra Region on November 2, 2024, presidential candidate Alan Kyerematen expressed deep concern over Ghana’s economic difficulties and affirmed his commitment to implementing an economic transformation to address inflation and the struggling exchange rate. “The exchange rate is currently almost $1 = 17 cedis, and that is unacceptable,” he stated, pledging to revitalize the economy and lower the exchange rate to restore confidence and purchasing power for Ghanaians.
In his post-walk speech, Kyerematen outlined four critical challenges facing the nation: unemployment, corruption, illegal mining, and the ailing economy. He assured supporters that his Great Transformational Plan (GTP) includes comprehensive solutions targeting the root causes of these issues. He described the GTP as a pragmatic blueprint designed to bring sustainable development, positioning it as the most viable strategy for Ghana’s economic recovery and long-term stability.
Alan Kyerematen outlined a transformative approach centred on an agricultural revolution, industrial transformation, and tourism promotion, which he views as critical for job creation and economic stability. “Through a robust investment in agriculture and local industries, we will create sustainable employment opportunities, particularly for the youth,” he stated, underscoring the potential of these sectors to drive economic growth and resilience.
Kyerematen’s Great Transformational Plan (GTP) also emphasizes boosting domestic production and reducing dependency on imports to alleviate the pressure on the cedi. By strengthening local industries and focusing on agricultural productivity, he aims to enhance food security, create value-added goods, and position Ghana as a key player in regional and global markets. His strategy seeks to foster long-term economic stability and improve the livelihoods of Ghanaians through a diversified, self-reliant economy.
