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Ghana’s government will implement a fixed exchange rate regime for import duty payments for a maximum of six months, according to Movement for Change founder and leader Alan Kyerematen.
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.
On May 23, 2024, at the Coconut Groove Hotel in Accra, Mr. Kyerematen gave this policy proposal to members of the Association of Ghana Industries (AGI) at a high-level meeting.
The former minister of trade and industry gave the AGI members his word that his government would support the private sector in Ghana with fiscal incentives and other means so that it could implement his Great Transformational Plan for the nation.
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, the Nelson Mandela government invited Alan and the other seven international consultants to help design a national enterprise development plan for 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 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” Dr. Kludjeson stated.
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.
In order to become Ghana’s first independent president and bring Ghana back to its former glory, he asked for the assistance of the country’s business community.
Source: Ghanatodayonline.com
