In a bold commitment to Ghanaians, Alan Kyerematen has pledged to stabilize the economy and bring the exchange rate below 5 cedis if elected President. Addressing a crowd during his Mega Victory Walk in the Greater Accra Region on November 2, 2024, Mr. Kyerematen voiced his concerns about the current economic challenges, emphasizing that his focus is on delivering a transformative economic plan that will tackle inflation and restore the purchasing power of Ghanaians.
During the event, Mr. Kyerematen expressed his dismay at the current exchange rate, which stands around 1 USD to 17 cedis, calling it unacceptable. He assured the crowd that under his leadership, the economy would undergo a complete overhaul to bring the rate to a level that instills confidence in the local currency. This commitment is central to his plan to enable citizens to regain control over their finances and improve their standard of living.
Following the walk, Alan Kyerematen identified four critical challenges that Ghana faces today: unemployment, corruption, illegal mining (known as “galamsey”), and a struggling economy. He assured the audience that his Great Transformational Plan (GTP) provides comprehensive and pragmatic solutions to these issues. His proposal, he said, is not merely rhetoric but a detailed roadmap that addresses the roots of the country’s economic troubles.
In contrast to other politicians, Mr. Kyerematen noted that he stands out as the only candidate with clear and practical solutions to Ghana’s most pressing challenges. He believes this distinction builds confidence among his supporters, who are hopeful that his plan will bring about genuine change. A core aspect of his GTP focuses on an agricultural revolution, industrial transformation, and tourism promotion, which he sees as vital to creating jobs and stabilizing the economy. Through these sectors, Mr. Kyerematen intends to foster sustainable employment, particularly for Ghana’s youth, while reducing reliance on imports to alleviate pressure on the cedi.
On the issue of youth empowerment, Alan Kyerematen highlighted the high youth unemployment rate, which he noted has driven many young people into illegal mining activities. In response, he pledged to create new pathways for young Ghanaians to engage in responsible, legal small-scale mining, breaking away from the influence of corrupt politicians who exploit the youth for personal gain. “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 stated. Additionally, he promised that the government would provide mining equipment on a work-and-pay basis, enabling young entrepreneurs to thrive in the sector.
Mr. Kyerematen, a former Minister of Trade and Industry, outlined further policies aimed at empowering young people to establish their own businesses. He assured the public that his administration would actively support young entrepreneurs through funding, business development training, and access to markets to help them grow their ventures. “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, demonstrating his commitment to creating an environment where the youth can succeed.
Political inclusivity was another significant element in Alan Kyerematen’s speech. He announced his intention to implement a national unity approach within his government, pledging to appoint the most qualified individuals to key positions, irrespective of their political affiliations. “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, highlighting that competency would be the sole criterion for appointments. This approach aims to unite Ghanaians under a common goal and dismantle the partisan barriers that often hinder progress.
One of his promises that resonated strongly with the audience was his assurance that job opportunities would be accessible to all Ghanaians, regardless of their political ties. He emphasized that, under his leadership, there would be no requirement for a political party card to secure employment. Instead, the only necessary identification would be the Ghana Card, ensuring that every citizen has equal access to job opportunities without the hindrance of political favoritism. “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, marking a significant shift in the way public employment is handled.
Alan Kyerematen’s GTP, which includes initiatives for youth empowerment, agricultural investment, industrial growth, and responsible small-scale mining, serves as a foundation for his economic vision. He is confident that these policies will address the underlying causes of economic instability, setting Ghana on a path to long-term prosperity and growth. By focusing on reducing imports and boosting domestic production, he aims to create a stable economy that can withstand external shocks and enhance Ghana’s self-reliance.
His promises to tackle inflation and lower the exchange rate signal his commitment to an economic policy that prioritizes the well-being of ordinary Ghanaians. With a clear objective to address the current economic crisis, Alan Kyerematen’s vision has captured the interest of citizens eager for change. His message offers hope to a nation that has been grappling with financial strain, and his ambitious goals resonate with a population looking for practical solutions to their everyday struggles.
As election day approaches, Alan Kyerematen’s economic strategy and inclusive governance approach stand out as pillars of his campaign. His focus on creating equitable opportunities and reducing the barriers that prevent young people from achieving financial independence has made him a promising candidate in the eyes of many. Through his Great Transformational Plan, Alan Kyerematen aims to deliver the economic stability and job creation that Ghanaians are seeking, while fostering a more united and prosperous country.
