Alan Kyerematen promises to change the fortunes of Ghana through ‘Enterprise Economy’
The founder and leader of the Movement for Change, Alan Kyerematen has engaged with media practitioners to discuss his Great Transformational Plan (GTP).
This policy blueprint aims to revolutionize Ghana’s economic landscape by establishing an “Enterprise Economy,” a system designed to foster entrepreneurship, innovation, and robust private sector growth.
The GTP is a comprehensive framework that seeks to stabilize Ghana’s macroeconomy while incentivizing investments in key sectors such as industry, agriculture, and tourism.
It also emphasizes the importance of infrastructure development, good governance, and accessible healthcare, all critical components for national transformation.
Kyerematen’s plan is particularly notable for its focus on empowering the youth, harnessing Ghana’s natural resources, and promoting a culture of innovation and risk-taking. The ultimate goal is to create a vibrant economy where businesses thrive, jobs are abundant, and wealth is equitably distributed across the nation.
During the media engagement on August 13, Kyerematen emphasized the need to reduce government intervention and empower the private sector, stating, “It’s about incentivizing the private sector to do what government always wants to do. We’re focusing on creating an enterprise economy where private businesses are at the center of development.”
He further criticized the current government’s approach, particularly in areas like the Domestic Debt Exchange, highlighting the inefficiencies that have arisen as a result of excessive government control.
One of the significant aspects of the GTP is its focus on tourism. Kyerematen pointed out that “If government can provide incentives and deliver instruments that will allow banks to provide concessionary lending to those in the private sector supporting tourism, that in itself, is a major critic.”
He emphasized that the government should be a facilitator rather than a direct player, allowing private sector entities to lead in developing key industries such as tourism, housing, and sports.
Kyerematen also stressed the need for constitutional reforms to enhance parliamentary oversight and reduce the powers of the president in appointing ministers.
He argued, “The constitutional reform will make sure that we remove that limitation of the President that requires him to appoint half of his cabinet from Parliament. This provision reduces the effectiveness of our checks and balances.”
As the nation listens closely to these developments, Kyerematen’s Great Transformational Plan promises to deliver on its commitment to “Jobs for the People and Cash for the People.”
The coming days will reveal more details on how this plan will unfold and the impact it will have on Ghana’s future.
