Alan Keyematen: I Will Reduce Exchange Rate to 5 Cedis if Elected President

Indepedent Presidential Candidate and Leader of the Movement for Change, Alan John Kwadwo Kyerematen, has pledged to stabilize the economy and reduce the exchange rate to below 5 cedis if elected as president.

During his Mega Victory Walk in the Greater Accra Region, on Saturday, November 2, 2024, Mr. Kyerematen voiced 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.

Alan reiterated his conviction to fix what he calls the four major problems facing the country: ailing economy, inflation, unemployment, and Galamsey, adding that his manifesto, the Great Transformational Plan (GTP), has pragmatic solutions to the aforementioned. 

"Through a robust investment in agriculture and local industries, we will create sustainable employment opportunities, particularly for the youth," he explained. His plan also emphasizes that boosting domestic production and reducing reliance on imports will help ease the pressure on the cedi.

Touching on his plans to empower the youth, Alan expressed concern over the high youth unemployment rate, which has forced many into illegal mining, commonly known as Galamsey. He promised to create pathways for young Ghanaians to enter responsible small-scale mining through legal channels.

Alan’s proposed policies, including youth empowerment, an emphasis on agriculture and industry, and support for responsible small-scale mining, align with his GTP. By addressing the root causes of economic instability, Mr. Kyerematen believes his administration can set the nation on a sustainable path to prosperity.