Alan Kyerematen, a presidential hopeful, has made a bold promise to Ghanaians: if elected, he’ll stabilize the economy and bring the exchange rate down to below 5 cedis. Currently, the exchange rate is almost 1 USD to 17 cedis, which he deemed unacceptable. During his Mega Victory Walk in the Greater Accra Region on November 2, 2024, Kyerematen expressed his commitment to tackling the country’s economic challenges, particularly inflation and the exchange rate.
Kyerematen’s Great Transformational Plan (GTP) outlines comprehensive solutions to these issues.
The plan is built around six key pillars: Economic Transformation, which aims to achieve strong macroeconomic fundamentals through a stable currency, low inflation, and sustainable debt levels ¹; Governance, which seeks to democratize governance, strengthen institutions, and combat corruption; Infrastructure, which promotes private investment, digitalization, and renewable energy; Social Services, which improves healthcare access, enhances education, and invests in sports facilities; Environment and Natural Resources Management, which introduces comprehensive resource management and emphasizes value addition; and Behavioural and Attitudinal Change, which drives behavioural change through respect for the rule of law, patriotism, and discipline.
Kyerematen emphasized that his approach will prioritize competency over political affiliations, ensuring that the most qualified individuals are appointed to key positions.
He also promised to empower young Ghanaians to engage in responsible small-scale mining through legal channels and provide funding, business development training, and access to markets for young entrepreneurs.
In addition, Kyerematen’s plan includes creating pathways for responsible small-scale mining, offering mining equipment and machines on a work-and-pay basis, and supporting young entrepreneurs with funding and business development training.
He also aims to promote private sector involvement in sustainable development and invest in top-tier sports facilities and academies.
By addressing the root causes of economic instability, Kyerematen believes his administration can set Ghana on a sustainable path to prosperity. His vision resonates with Ghanaians seeking economic relief and sustainable development. With a clear objective to address the current exchange rate and inflation crisis, Kyerematen’s proposed policies align with his GTP, positioning him as a strong contender in the presidential election ¹.
