January 11, 2023

Outgoing Trade Minister Informs Otumfuo About Resignation

The outgoing Minister for Trade and Industry, Alan Kwadwo Kyerematen has formally informed His Majesty Otumfuo Osei Tutu II about his resignation.

He tendered his resignation letter to President Akufo-Addo on Thursday, January 5, 2023.

The letter received acceptance from the president on January 6.

During his visit to the Manhyia Palace almost a week after this, the Minister told the King about his decision to resign.

He deems it appropriate to inform the Monarch about the development due to his contributions toward the successful implementation policies and programmes by the Trade and Industry Ministry, he stated.

He was at the palace with some Directors of the Ministry as well as the Country Director of the World Bank, Pierre Laporte.

In his address, he expressed his immense gratitude to the King for his support.

Alan Kyerematen resigned to focus on his presidential ambition in accordance with the constitution of the ruling New Patriotic Party (NPP).

In his speech to the nation on Tuesday, Alan said he has fashioned what he calls the Great Transformation Plan (GTP) as a medication to the fragile economy of Ghana.

He is hopeful this plan will deny Ghana the unpleasant opportunity of going to the International Monetary Fund (IMF) for the eighteenth time and cushion the country against external forces like the COVID pandemic and the Russia-Ukraine war that may arise in the future.

“To avoid going back to the IMF, we need a new Plan. A Plan that will lead us to a more self-reliant and resilient economy. That Plan must move Ghana from Stability and Growth to Transformation.”

Also, he anticipates this plan will make Ghana self-reliant and strong.

He said this plan will span from 2025 to 2030 when given the nod at both party and national levels.


He visited the Palace on Wednesday, January 11.

Alan will officially bring his work at the Ministry to an end on January 16.



Source: opemsuo.com/Hajara Fuseini

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