Accra, Ghana — Presidential hopeful Alan Kyerematen has assured Ghanaians he will stabilise the country’s struggling economy, vowing to bring the exchange rate to below 5 cedis to the dollar if elected.

Kyerematen, who spoke to an enthusiastic crowd during a “Victory Walk” in the Greater Accra Region on 2 November, expressed his frustration with the current state of the economy. Currently, the exchange rate hovers around $1=17 cedis, a situation he described as “unacceptable.”

The former Trade Minister outlined his vision for Ghana’s economy, which he says will be led by a “Great Transformational Plan” (GTP). Kyerematen identified four key areas his administration would address if elected: unemployment, corruption, illegal mining, and the struggling economy. He assured supporters that these issues are at the heart of his GTP blueprint, which he characterised as the most comprehensive and pragmatic plan presented by any candidate.

In his address, Kyerematen laid out his approach, focusing on an agricultural revolution, industrial transformation, and tourism promotion as pillars for job creation and economic growth. “With substantial investments in agriculture and local industries, we will create sustainable jobs, especially for the youth,” he stated.

Kyerematen emphasised the need to boost domestic production and reduce reliance on imports, which he believes will alleviate pressure on the cedi. By cutting down on import dependency, he argued, Ghana can strengthen its currency and improve the purchasing power of its citizens.

His pledge to stabilise the cedi and strengthen the economy has resonated with many Ghanaians, who have been hard-hit by rising prices and economic uncertainty. The economic focus of his campaign has attracted considerable attention as Ghana gears up for a competitive presidential race.

Source:TheDotNews