{"id":245488,"date":"2024-11-04T17:14:17","date_gmt":"2024-11-04T17:14:17","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/04\/i-will-reverse-the-exchange-rate-to-one-dollar-five-cedis\/"},"modified":"2024-11-04T17:14:17","modified_gmt":"2024-11-04T17:14:17","slug":"i-will-reverse-the-exchange-rate-to-one-dollar-five-cedis","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/04\/i-will-reverse-the-exchange-rate-to-one-dollar-five-cedis\/","title":{"rendered":"I will reverse the exchange rate to one dollar, five cedis"},"content":{"rendered":"<p><\/p>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Alan Kyerematen, Presidential candidate for Movement for Canage has pledged to stabilize the economy and reduce the exchange rate to below five cedis if elected as President.  <\/p>\n<p>During his historic Walk in the Greater Accra Region, Kyerematen was surprised at the current economic challenges, emphasizing his commitment to an economic transformation that would address the country\u2019s inflation and exchange rate struggles.  <\/p>\n<p>\u201cThe exchange rate is currently almost $1=17, and that is unacceptable,\u201d he stated, pledging to overhaul the economy and bring the rate to a level that would restore confidence and purchasing power for Ghanaians. <\/p>\n<p>In his speech after the Walk, Alan identified four major problems facing the nation \u2013 unemployment, corruption, Galamsey, and the ailing economy.  <\/p>\n<p>He assured the crowd that comprehensive solutions to the issues were embedded in his Great Transformational Plan (GTP), positioning it as the only detailed, pragmatic blueprint aimed at tackling the root causes of these challenges.  <\/p>\n<p>Alan noted that he stands apart as the sole politician who has boldly presented practical solutions to Ghana\u2019s most pressing issues, further building confidence among supporters. <\/p>\n<p>He said the approach would focus on an agricultural revolution, industrial transformation, and tourism promotion, which he believed were essential to job creation and economic stability.  <\/p>\n<p>\u201cThrough a robust investment in agriculture and local industries, we will create sustainable employment opportunities, particularly for the youth,\u201d he explained.  <\/p>\n<p>His plan also emphasizes that boosting domestic production and reducing reliance on imports will help ease the pressure on the cedi. <\/p>\n<p>On his plans to empower the youth, Alan expressed concern over the high youth unemployment rate, which had forced many into illegal mining, commonly known as Galamsey and promised to create pathways for young Ghanaians to enter responsible small-scale mining through legal channels.  <\/p>\n<p>\u201cI will cease the licenses of those politicians who have been using the youth and give them to the youth to establish small-scale mining companies that will be owned by them,\u201d he assured.  <\/p>\n<p>He added that the government would provide mining equipment and machines on a work-and-pay basis, allowing young entrepreneurs to establish themselves in the sector. <\/p>\n<p>The former Trade and Industry Minister outlined policies aimed at enabling young people to establish their businesses and assured the public that his government would support young entrepreneurs with funding, business development training, and access to markets to grow their enterprises.  <\/p>\n<p>\u201cDue to the various youth empowerment policies, it will be difficult for the youth to complete school without securing jobs or self-employment opportunities,\u201d he added. <\/p>\n<p>Mr. Kyerematen also made clear his position on political inclusivity, announcing that his government would prioritize a national unity approach by appointing the most qualified individuals across political lines to key positions.  <\/p>\n<p>\u201cIn my government, if you are NDC, NPP, or someone who doesn\u2019t do politics but can do the job, I will appoint you to be part of it,\u201d he declared, emphasizing that competency would be the primary consideration. <\/p>\n<p>A key promise was that job opportunities would be accessible to all, without political affiliations.  <\/p>\n<p>\u201cIn my government, you don\u2019t need a political party card before you get a job to do. All you need is the Ghana Card,\u201d he assured the youth, committing to remove barriers that limit access to employment based on party loyalty. <\/p>\n<p>Alan\u2019s proposed policies, including youth empowerment, an emphasis on agriculture and industry, and support for responsible small-scale mining, align with his GTP.  <\/p>\n<p>By addressing the root causes of economic instability, Mr. Kyerematen believes his administration can set the nation on a sustainable path to prosperity. <\/p>\n<p>With a clear objective to address the current exchange rate and inflation crisis, Alan\u2019s vision reverberates with a nation yearning for economic relief and sustainable development. <\/p>\n<p><b>Watch the latest edition of BizTech below:<\/b><\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"vkDb_vVclnc\"><iframe loading=\"lazy\" title=\"Increasing Cost of Street Food: Roasted plantain in focus | BizTech\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/vkDb_vVclnc?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<p>Click here to follow the GhanaWeb Business WhatsApp channel<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alan Kyerematen, Presidential candidate for Movement for Canage has pledged to stabilize the economy and reduce the exchange rate to below five cedis if elected as President. During his historic Walk in the Greater Accra Region, Kyerematen was surprised at the current economic challenges, emphasizing his commitment to an economic transformation that would address the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":245489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-245488","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I will reverse the exchange rate to one dollar, five cedis - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/04\/i-will-reverse-the-exchange-rate-to-one-dollar-five-cedis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I will reverse the exchange rate to one dollar, five cedis - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Alan Kyerematen, Presidential candidate for Movement for Canage has pledged to stabilize the economy and reduce the exchange rate to below five cedis if elected as President. 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