Movement for Change presidential candidate for the 2024 elections, Alan Kyerematen, has promised Ghanaians sweeping economic reforms to stabilize the economy and bring the exchange rate below 5 cedis if elected.
Speaking to an energized crowd at his Mega Victory Walk in Greater Accra, Kyerematen lamented the current exchange rate of nearly 17 cedis to the dollar, calling it “unacceptable” and pledging to restore financial stability and purchasing power to Ghanaians.
“The exchange rate is currently almost 1=17 cedis, and that is unacceptable,” citinewsroom.com quoted him as saying.
He pinpointed four critical issues confronting Ghana: unemployment, corruption, illegal mining (galamsey), and the struggling economy.
He unveiled his Great Transformational Plan (GTP) as a comprehensive, pragmatic roadmap to address these challenges, emphasizing that it’s the only actionable plan tackling the root causes of Ghana’s pressing problems.
He highlighted the importance of boosting domestic production to reduce dependency on imports, a move he believes will ease the strain on the cedi. “By investing robustly in agriculture and local industries, we will create job opportunities, especially for the youth,” he explained.
Youth unemployment was a central theme of his address. Acknowledging that the high joblessness rate has driven many young people into illegal mining, Kyerematen vowed to establish legal pathways for responsible small-scale mining.
He committed to reallocating mining licenses to young Ghanaians through transparent, government-supported initiatives.
“I will revoke licenses from politicians using the youth for illegal mining and give them to the youth directly, so they can own small-scale mining companies,” he stated, adding that equipment and machinery would be available on a work-and-pay basis to support these young entrepreneurs.
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