The leader of the Movement for Change, Alan Kyerematen, has announced plans to implement a fixed exchange rate system for import duties in Ghana, lasting up to six months.
This initiative is part of his inaugural Economic Recovery Plan aimed at curbing imported inflation in the economy.
During a meeting with members of the Association of Ghana Industries (AGI) on May 23, 2024, at the Coconut Groove Hotel in Accra, Mr. Kyerematen emphasized that stabilizing the foreign exchange rate for import duty calculations in local currency will foster business stability and predictability, ultimately enhancing economic prosperity.
Mr. Kyerematen, a former Trade and Industry Minister, assured AGI members of his government’s commitment to supporting the Ghanaian private sector through various means, including fiscal incentives, as part of his broader Great Transformational Plan.
Drawing from his extensive experience in enterprise development across Africa, particularly as the Regional Director for Enterprise Africa and the founding Managing Director of the EMPRETEC Foundation, Mr. Kyerematen outlined his strategies for advancing trade, industry, agriculture, and ICT sectors in Ghana.
Supporting Mr. Kyerematen’s bid for presidency, Dr. Prince Kofi Kludjeson, former AGI leader, highlighted the transformative impact of the EMPRETEC Foundation on indigenous businesses in Ghana during the 90s.
He urged struggling local business owners to rally behind Mr. Kyerematen’s historic presidential candidacy, expressing confidence in his ability to address significant national challenges.
Accompanied by senior members of the ARC and Movement for Change, including Dr. Abu Sakara Foster, Hon. Saddique Boniface, Mr. Akwasi Addai Odike, Mrs. Augustina Cudjoe, and Mr. Henry Asante, Mr. Kyerematen appealed to Ghanaian business owners to support his quest to become Ghana’s first Independent President and lead the nation to prosperity once again.
