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HomeNewsAlan Kyerematen assures to implement a fixed exchange rate for import duty...

Alan Kyerematen assures to implement a fixed exchange rate for import duty payments

The founder and leader of Movement for Change, Hon. Alan Kyerematen has revealed that his government will implement a fixed exchange rate regime for import duty payments for a maximum of six months if elected as president.

This measure will lower the high amount of imported inflation in the economy and will be incorporated into his first-year Economic Recovery Plan.

Additionally, Alan claimed that fixing the foreign exchange rate to determine import tariffs in local currency will greatly improve Ghana’s business environment’s predictability and stability as well as increase everyone’s economic prosperity.

Mr. Kyerematen presented this policy solution during a high-level meeting with members of the Association of Ghana Industries (AGI) at the Coconut Groove Hotel in Accra on May 23, 2024.

The former Trade and Industry Minister assured the members of the AGI that his government would provide the Ghanaian private sector with the needed support, including but not limited to fiscal incentives, to drive his Great Transformational Plan for the country.

Mr. Kyerematen went on to describe his strategy for advancing ICT, commerce, industrial, and agriculture-based enterprise growth in Ghana. As the founding Managing Director of the EMPRETEC Foundation and the Regional Director for company Africa, Mr. Kyerematen has decades of experience in company development. During his tenure, he assisted in the establishment of hundreds of businesses in 13 sub-Saharan African nations.

In addition, Alan was one of the seven foreign advisors that the Nelson Mandela administration asked to help design a national strategy for business development in the just independent South Africa.

In a similar vein, Dr. Prince Kofi Kludjeson, the head of AGI from 1999 to 2005, claimed that the EMPRETEC Foundation’s guidance in the 1990s was a major factor in the development of numerous blooming indigenous companies that are now doing business in Ghana.

He urged local business owners to back Alan’s historic campaign for Ghanaian presidency, saying that they are enduring difficulties as a result of the current bad leadership.

“I have no doubt that an Alan Kyerematen Presidency will address 50% of this nation’s challenges,” Dr. Kludjeson stated. Throughout his business and political career, that is what he has done and who he is.

Mr. Akwasi Addai Odike, Hon. Saddique Boniface, Mrs. Augustina Cudjoe, Mr. Henry Asante, and Dr. Abu Sakara Foster were among the prominent members of the Movement for Change and ARC that accompanied Mr. Kyerematen.

He asked for the assistance of Ghanaian businessmen in order to become the country’s first autonomous president and bring Ghana back to its former glory.