By The founder and leader of the Movement for Change, Alan Kyerematen, has announced his government’s intention to institute a fixed exchange rate regime for import duty payments in Ghana, lasting up to six months. This measure forms a crucial component of his inaugural Economic Recovery Plan.
By curbing the rampant imported inflation, this policy aims to stabilize the economy. Kyerematen emphasized that pegging the foreign exchange rate for import duty calculations in local currency will foster stability and predictability in Ghana’s business landscape, fostering widespread economic growth.
Kyerematen unveiled this strategic initiative during a significant gathering with members of the Association of Ghana Industries (AGI) at Accra’s Coconut Groove Hotel on May 23, 2024.
The former Trade and Industry Minister reassured members of the AGI of his government’s commitment to bolstering the Ghanaian private sector. He pledged comprehensive support, including fiscal incentives, to propel his ambitious Great Transformational Plan forward.
Kyerematen delineated his strategy for fostering enterprise development across various sectors such as trade, industry, agriculture, and ICT. Drawing from his extensive expertise, he highlighted his decades-long involvement as the Regional Director for Enterprise Africa and the founding Managing Director of the EMPRETEC Foundation. In these roles, he facilitated the establishment of numerous enterprises across 13 Sub-Saharan African nations.
Furthermore, Kyerematen’s influence extended internationally. He was among seven distinguished International Consultants invited by the Nelson Mandela Government to devise a national blueprint for enterprise development in the nascent stages of South Africa’s independence.
Likewise, Dr. Prince Kofi Kludjeson, who chaired AGI from 1999 to 2005, highlighted the pivotal role played by the EMPRETEC Foundation in nurturing numerous thriving indigenous businesses in Ghana during the 1990s.
He urged local entrepreneurs grappling with contemporary challenges stemming from inadequate leadership to rally behind Alan’s landmark presidential candidacy.
Dr. Kludjeson noted “I have no doubt that 50% of the challenges of this Nation will be addressed under an Alan Kyerematen Presidency. That is who he is and what he has been doing throughout his business and political career”.
Mr. Kyerematen was joined by several esteemed members of the ARC and Movement for Change, among them Dr. Abu Sakara Foster, Hon. Saddique Boniface, Mr. Akwasi Addai Odike, Mrs. Augustina Cudjoe, and Mr. Henry Asante.
He appealed to business owners in Ghana for their support, aiming to become the first Independent President of Ghana and lead the nation to renewed prosperity.
