Alan Kyerematen is NPP’s hopeful presidential candidate having been in the Ghanaian politics space for years. But, how rich is he right now?
Alan John Kwadwo Kyeremanteng is a Ghanaian Politician, Corporate Executive, Diplomat, and an International Public Servant.
Alan is well known for his political career as an integral member of the Ghanaian registered Political Party, the New Patriotic Party (NPP).
He has on occasion stood to be elected as a flag barrier of his party in the year (2007, 2010, and 2014) but placed second in all to the incumbent president Akufo Addo in all three primaries. He didn’t give up as he held several positions in politics including Minister of Trade.
On January 7, 2023, Alan Kyeremanten took to Twitter to announce his resignation as cabinet minister responsible for trade and industry effective 16th January. Other sources indicate that he wrote to the presidency indicating his intention to resign effective from 16 January 2023 and this was accepted by President Akufo-Addo.
On January 11, 2023, Alan John Kyerematen officially announced his intention to contest the NPP’s flagbearership race and also officially resigned from his position as the Minister for Trade and Industry.
He has been nicknamed as Alan Cash since 2010. Once asked by a journalist how he became known in the Ghanaian media as “Alan Cash,” Kyerematen said it happened because in political campaigns he stressed the importance of creating jobs and “real cash” for the people. Well, just as I imagined, he smells cash.
Now that he is busy with his campaigns in the hope to come victorious as the New Partriotic Party’s presidential candidate, many are curious to know more about his fincnanes. So, how rich is Alan Kyerematen? Here’s everything TheDistin knows about his wealth, join us as we investigate whether he is indeed “Alan Cash’.
|Celebrated Name:||Alan Cash, Alan Kyerematen|
|Net Worth:||$5 million to $10 million|
|Full Real Name:||Alan John Kwadwo Kyerematen|
|Date Of Birth:||3 October 1955|
|Age:||67 years old (as of 2023)|
|Birthplace:||Kumasi, Ashanti Region, Ghana|
|Current Residence:||Accra, Ghana|
|Parents:||Alexander Atta Yaw Kyerematen (Father), Victoria Kyerematen (Mother)|
|Children:||Alexander Kyeremanten and Victor Kyerematen|
|Educational Backgroun:||Adisadel College; Achimota School; University of Ghana; Ghana School of Law; University of Minnesota|
What is Alan Kyerematen’s net worth?
Alan Kyerematen has an extensive and distinguished record in international trade, international public policy, enterprise development, politics, and diplomacy, as a Cabinet Minister and former Presidential Candidate, as an Ambassador and negotiator, as an international public servant, and as a senior corporate executive in the private sector. He will offer the World Trade Organisation (WTO) a strong combination of political, professional, and managerial leadership and expertise.
As Ghana’s Minister of Trade, Industry and President’s Special Initiatives (PSI) from 2003, he led the design, development, and implementation of innovative programmes and special initiatives which have created new strategic pillars of growth for the Ghanaian economy. He was re-appointed as Minister of Trade and Industry in 2005 and served in that capacity until 2007 with additional responsibility for Private Sector Development.
In the NPP, he is one of the names vying for the position of flagbearer of the party, and eventually running as president. He is currently having opponents like Kennedy Agyapong, and Mahamudu Bawumia.
Is not an easy journey to becoming the president of Ghana. One has to invest a lot of money, although they will get in ten folds when they assume power. This always leads to many inquiring about Alan Cash’s fortune.
So, how much is Alan Kyerematen’s net worth? Alan John Kwadwo Kyerematen is called ‘Alan Cash’ for a reason. He has a deep pocket and is regarded among the wealthiest politicians in Ghana. Alan’s current net worth is estimated between $5 million and $10 million. He makes the majority of his money from his numerous positions in his political career and other businesses he owns. He keeps his wealth away from the public, unlike other politicians.
Alan Cash has an impressive political career
As Minister of Trade and Industry in Ghana, Alan Kyerematen played a key role in shaping Africa’s
Trade Policy Agenda in the WTO Multilateral Negotiations and the EU-ACP Economic Partnership
Agreement Negotiations. He was one of the lead negotiators for Africa at the WTO Ministerial Conference in Cancun in 2003 and also participated in the high-level “Green Room” consultations during the Hong Kong WTO Conference in December 2005.
In addition, he initiated, directed, and managed the preparations for the hosting of UNCTAD XII in
Ghana, and introduced for the first time in the history of UNCTAD Conferences, the World Investment
Forum which has now become a major calendar event for UNCTAD. He also coordinated and supervised
the hosting by Ghana of the Sixth United States-Africa Summit in 2006, and played a key role in
negotiating changes in the Africa Growth and Opportunity Act (AGOA). He was Chairman of the
ECOWAS Council of Trade Ministers at the critical stages of launching the EU-ECOWAS EPA
Prior to his appointment as Minister, Mr. Kyerematen served as Ambassador of Ghana to the United
States of America from 2001 to 2003. In that role, he negotiated various trade and investment agreements
between Ghana and the United States, and initiated the establishment of the Ghana-United States
Economic Council, which played a strategic role in deepening trade relations between the two countries
and resolve commercial disputes through extra-judicial processes.
In 1998, Alan Kyerematen was appointed by the UNDP as the first Regional Director of ENTERPRISE
AFRICA, which was an Africa-wide, flagship initiative for the development and promotion of small and
medium enterprises. Under that framework, he established enterprise support institutions and programmes in 13 Sub-Saharan African countries – Botswana, Benin, Cameroon, Democratic Republic of Congo, Ethiopia, Mauritius, Mozambique, Namibia, Nigeria, Senegal, South Africa, and Uganda. Over 4,000 African entrepreneurs and small businesses have benefited from these programmes.
In 1990, Alan Kyerematen was responsible for establishing and managing the EMPRETEC Programme in
Ghana, a leading business development programme sponsored by the United Nations and Barclays Bank
Limited. He led the transformation of EMPRETEC from a UN project into an independent Foundation,
2 and as its founding Chief Executive, developed the Foundation into a world-class institution that is
recognized as a successful model and best practice institution for enterprise development in Africa.
Between 1984 and 1990, he participated in and managed a number of major private and public sector
consulting assignments in Ghana, as a Principal Consultant and Head of Public Systems Management
with the Management Development and Productivity Institute (MDPI), a leading management
development institution in Ghana.
Prior to this, he was a senior corporate executive with UAC Ghana Ltd, a subsidiary of Unilever International, where he worked in various managerial positions with distinction until 1984.
Throughout his career, Alan Kyerematen has demonstrated a capacity for efficient and effective leadership in managing and coordinating organizational activities at high levels of executive
responsibility. Within that context, he has managed a diverse team of professional staff and technical
experts and provided intellectual leadership in supervising the planning and organization of major
international events, including the preparation of technical reports and other documentation.
In addition, he has acquired over the years, an in-depth knowledge and understanding, as well as practical experience in dealing with critical development issues and challenges in Africa, particularly in LDCs, in the areas of trade, investment, and economic policy management. He has also at different stages of his professional career, successfully mobilized and managed significant resources from development partners to support development efforts in Africa.
Currently, as Coordinator of the African Trade Policy Centre of the United Nations Economic Commission for Africa, Alan Kyerematen is leading efforts in enhancing advocacy for trade in Africa, building the capacity of trade negotiators, as well as developing capability at the country level in trade policy formulation. In addition, he is coordinating the implementation of technical assistance programmes to enhance the productive capacity and competitiveness of African countries and also provides support for analytical as well as evidence-based research on trade-related issues.
Mr. Kyerematen is one of the leading members of the technical team providing strategic guidance and
support to the African Union Commission in developing and elaborating an Action Plan for Boosting
intra-African Trade and preparing a framework for the establishment of a Continental Free Trade Area.
As part of this effort, he was designated as a Special Envoy of the African Union to hold consultations
with selected African Heads of State prior to the 18th African Union Summit of Heads of State and
Government in January 2012.
Alan Kyerematen is a graduate of Economics from the University of Ghana and is also a qualified
Barrister-at-Law from the Ghana Law School. In addition, he was a Hubert Humphrey Fellow at the School of Management of the University of Minnesota, under the US Fulbright Fellowship Programme. He has served as a Member of the Council of Governors of the British Executive Service Overseas (BESO) in the United Kingdom, and also as a Board member of several other organizations in Ghana.