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My gov’t will have a fixed exchange rate regime for import duty payment – Alan

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Alan Kyerematen, the leader of the Movement for Change, has announced that his administration intends to introduce a stable exchange rate policy for the calculation of import duties, to be maintained for a maximum of six months in Ghana.

As a component of the inaugural Economic Recovery Plan, this strategy aims to mitigate the impact of imported inflation on the economy.

Furthermore, Alan emphasised that by establishing a consistent exchange rate for the computation of import duties in the domestic currency, it will greatly contribute to the steadiness and foreseeability of the business climate in Ghana, ultimately fostering economic growth for the populace.

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 23rd May 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 further outlined his plan of action for boosting enterprise development in Ghana through trade, industry, agriculture, and ICT.

Mr Kyerematen’s expertise within enterprise development is grounded in decades of experience as the Regional Director for Enterprise Africa and the founding Managing Director of the EMPRETEC Foundation where he helped establish hundreds of enterprises across 13 Sub-Saharan African countries.

Alan was also one of seven International Consultants invited by the Nelson Mandela Government to chart a national plan for enterprise development in newly independent South Africa.

Similarly, Dr. Prince Kofi Kludjeson, who led AGI between 1999 and 2005, stated that many flourishing indigenous businesses currently operating in Ghana owe their successes to the mentorship provided by the EMPRETEC Foundation in the 90s.

He admonished local business owners who are facing challenges due to the current poor leadership to support Alan’s historic bid to become the president of Ghana.

Dr. Kludjeson noted “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”.

Mr Kyerematen was accompanied by some senior members of the ARC and Movement for Change, including Dr. Abu Sakara Foster, Saddique Boniface, Akwasi Addai Odike, Augustina Cudjoe and Henry Asante.

He requested the support of business owners in Ghana to make him the first Independent President of Ghana to make Ghana arise again.

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