The depreciation of the cedi, according to independent presidential candidate Alan John Kwadwo Kyeremanten, is the result of systemic failure and a loss of confidence in the economy.

The former Minister of Trade and Industry warned that if the nation doesn't boost exports and cut imports, the Cedi would keep losing ground to major international currencies.

Speaking on Monday while on a trip of the Eastern Region, Mr. Kyeremanten expressed optimism that laws pertaining to the forex bureau and an increase in exports will also help stabilise the Cedi.

"The strength of the Cedi is dependent on the demand and supply of foreign exchange. There is no other way unless you produce and export.

Because if you don't produce and use that to export abroad, you won't get dollars into the system... But have you heard a head of state talk about this before? So, it is a systemic failure for a long time."

"So, between Alan, ex-president Mahama, and Dr. Bawumia, if it's production and exports that would revive the Cedi, who amongst the three of us can do that? If we have made that mistake all these years and we now need someone who can do this, then it is Alan who can do that," he stated.

Additionally, Mr. Kyeremanten advised Ghanaians to consider a national development strategy rather than unmet campaign pledges.

Significant constitutional reform would be given first priority by a government led by the Movement for Change.

"When you listen to the majority, they say that when the NDC and NPP are in government, it is a winner-takes-all situation. If one party assumes office for eight years and you are not part of the party, then you are not part of the government. So, the intelligence of many Ghanaians is disregarded in the governance of the country because it is winner-takes-all.

"If these two parties are in government, they work on projects, either good or bad, even if the other has already started the same... If there is no continuity, how do we move forward? Ghanaians are tired; they want a plan, not promises."

"So, we want to move Ghana beyond the manifest promises; we want a national plan where Ghanaians are informed about where the country is headed. For the next 30 to 50 years, every party that assumes office will continue with whatever they meet," he stated.