I can revive depreciating Ghana cedi – Alan Kyerematen

Alan Kyerematen, the Founder and Leader of Movement for Change, has attributed the depreciation of the Ghana Cedi to systemic failures and a lack of faith in the economy.
He suggests that the Cedi’s value may continue to fall against major foreign currencies if Ghana does not increase exports and decrease imports.

During his Eastern Region tour on Monday 3rd June, Mr. Kyerematen proposed several measures to restore the Cedi’s value.
He emphasised that regulating the activities of forex bureaus and boosting exports would help stabilise the Cedi.
“The strength of the cedi is dependent on the demand and supply of foreign exchange. There is no other way unless you produce and export. Because if you don’t produce and use that to export abroad you won’t get dollars into the system, but have you heard a head of state talk about this before? So it is a systemic failure for a long time.

“So between Alan, ex-president Mahama and Dr Bawumia, if its production and exports that would revive the cedi, who amongst the three of us can do that? If we have made that mistake all these years and we now need someone who can do this then it is Alan who can do that,” he stated.

Mr. Kyerematen also urged Ghanaians to shift their focus from unfulfilled manifesto promises to a national development plan. He stated that a government under the Movement for Change would prioritize significant constitutional reform.

I was inspired by the warm and passionate welcome I received from students at the Koforidua Technical University during my campaign tour of Koforidua. I highlighted unemployment as the biggest challenge facing the youth today and expressed that the youth have the power to address this crisis by voting for a leader who has the right vision of development through industrialization and innovation.

The choice of leader in the 2024 general elections will be crucial in determining our progress as a nation. I’m running for president to transform Ghana and create a brighter future for all.