Alan Kyerematen, presidential candidate of the Afrafranto Alliance, has made a bold promise to stabilize Ghana’s economy and reduce the exchange rate to below 5 cedis if elected. During his historic Mega Victory Walk in the Greater Accra Region on November 2, 2024, Kyerematen expressed his dismay over the current economic challenges, emphasizing his commitment to an economic transformation that would address the country’s inflation and exchange rate struggles.
“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 speech after the walk, Alan identified four major problems facing the nation: unemployment, corruption, galamsey, and the ailing economy. He assured the crowd that comprehensive solutions to these issues are embedded in his Great Transformational Plan (GTP), positioning it as the only detailed, pragmatic blueprint aimed at tackling the root causes of these challenges.
Alan’s approach centers on an agricultural revolution, industrial transformation, and tourism promotion, which he believes are essential to job creation and economic stability. “Through robust investment in agriculture and local industries, we will create sustainable employment opportunities, particularly for the youth,” he explained.
To empower the youth, Alan plans to create pathways for young Ghanaians to enter responsible small-scale mining through legal channels. “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.
The former Trade and Industry Minister also 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.
On political inclusivity, Kyerematen announced 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.
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.
By addressing the root causes of economic instability, Kyerematen believes his administration can set the nation on a sustainable path to prosperity.
