Alan Kyerematen Advocates for Private-Sector-Led Economic Transformation and Industrial Reform

John Alan Kwadwo Kyerematen, the Executive Director of CENSADEV and Founder of the United Party, has called for a fundamental shift in Ghana's economic strategy, urging the nation to transition toward a private-sector-led model. Speaking at a public lecture in Accra on September 24, 2025, Kyerematen emphasized that sustained economic growth and transformation can only be achieved if private initiative and ownership take center stage. He argued that the current over-reliance on government intervention must give way to a more dynamic environment where the private sector drives industrialization and agricultural modernization. Central to Kyerematen's vision is the development of strategic industries with high potential for job creation and export revenue. He identified sectors such as oil palm, cassava, and textiles as critical pillars for this transformation. By focusing on these areas, he believes Ghana can significantly boost its non-traditional export revenues, providing a more robust foundation for the national economy. Kyerematen also called for comprehensive reforms in agricultural practices and the taxation system to reduce the burden on businesses and encourage long-term investment. To bridge the gap between policy and implementation, Kyerematen advocated for the institutionalization of public-private dialogues. He noted that such platforms are essential to ensure that government policies are closely aligned with the practical needs and challenges of the business community. Furthermore, he proposed a review of the ownership structures of state enterprises, suggesting that increased private sector participation could improve efficiency and performance across these institutions. Addressing macroeconomic concerns, Kyerematen acknowledged the importance of economic stabilization but cautioned that stability alone is insufficient for prosperity. He maintained that lasting currency stability is inextricably linked to industrial transformation and a dedicated focus on export-led growth. By empowering the private sector to lead these initiatives, Kyerematen asserts that Ghana can move beyond temporary fiscal corrections toward a future of resilient and inclusive economic health.