Alan Kyerematen has promised Ghanaians a stable economy and a reduced exchange rate below 5 cedis if elected President. Speaking at a victory rally in Greater Accra on November 2, 2024, Mr. Kyerematen expressed concern over the current economic challenges, particularly inflation and exchange rate issues, and outlined his commitment to reversing these trends to restore purchasing power.
“The exchange rate is currently at nearly $1 = 17 cedis, which is unsustainable,” he said, promising reforms to strengthen the economy and boost investor confidence.
Identifying unemployment, corruption, illegal mining, and economic decline as key issues, Alan highlighted his Great Transformational Plan (GTP) as a comprehensive blueprint to tackle these challenges. His GTP proposes an agricultural revolution, industrial transformation, and tourism growth as core strategies for creating jobs and stabilizing the economy. “By investing in agriculture and local industries, we can generate sustainable employment, especially for the youth,” he emphasized. Alan’s plan also focuses on increasing domestic production to ease pressure on the cedi by reducing imports.
Alan addressed the high rate of youth unemployment, which has pushed many into illegal mining, or “Galamsey.” He pledged to facilitate legal pathways for young people in responsible small-scale mining, vowing to revoke licenses from politicians misusing them and grant these to the youth. He also promised government-supported access to mining equipment on a work-and-pay basis, empowering young Ghanaians to start their own ventures in mining.
Emphasizing youth empowerment, Alan laid out policies to help young entrepreneurs access funding, business training, and market opportunities. “With our youth-focused policies, graduates will have a pathway to jobs or self-employment,” he assured. He also stressed political inclusivity, committing to appoint competent leaders from across political divides, saying, “In my administration, merit will be the key criterion for all appointments.”
Furthermore, he promised that employment opportunities would be accessible to all citizens, regardless of political affiliation, using only the Ghana Card as a requirement. Alan’s policies focus on youth empowerment, agricultural and industrial growth, and responsible mining practices, aiming to resolve the core causes of economic instability.
With a clear plan to address the exchange rate and inflation crisis, Alan’s vision aligns with Ghanaians’ hopes for economic stability and long-term development.
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