President Akufo-Addo has accepted the resignation of Alan Kwadwo Kyeremanten as Minister for Trade and Industry.
Mr. Kyeremanten popularly known as Alan Cash yesterday verbally informed the president of his resignation and followed it up with an official resignation letter.
In an acceptance letter, Director of Communication at the Presidency, Eugene Arhin said the president has accepted the resignation and thanked Mr. Kyeremanten for his services to his government and nation and wished him well in his future endeavors.
The letter also said the president has asked the embattled minister for finance, Ken Ofori-Atta to act as the caretaker Minister for Trades and Industry until a substantive minister is appointed.
Even though Mr. Kyeremanten did not give any reasons for his resignation, it is widely speculated that it is to enable him to have enough time to concentrate on his campaign to be elected as flagbearer of the ruling NPP.
In 2007, Mr. Kyeremanten was one of the Ministers in the Kufuor government who resigned to contest the flagbearership which was eventually won by the current president.
Alan Cash contested subsequent elections but still lost but was widely tipped to succeed Nana Addo. However, with the emergence of Vice President Bawumia, a lot of support has shifted from Kyeremanten to the Vice President with many considering him as the favorite.
It is believed that it is with this realisation that Mr. Kyeremanten has resigned to have more time for his campaign.
Meanwhile, some have proposed a compromise where both Alan and Bawumia are paired, with Bawumia as the presidential candidate and Alan as his running mate.
In all of this, many analysts believe the 2024 election is going to be difficult for the NPP, despite its resolve to break the eight.
Opinion polls and research conducted by some local and foreign institutions put John Mahama and NDC ahead of the NPP, with the current economic situation as the major contributory factor.