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Tuesday, 30 August 2011

Ghana: The case against the Economic Partnership Agreement

Ghana will host the ECOWAS Ministerial Monitoring Committee (MMC) on EPAs in Accra in September 2011. The MMC is the highest EPA authority for ECOWAS and its member–states. […] Ghana initialed a separate IEPA with the European Union (EU) four years ago ostensibly to end uncertainty and protect a very small group of exporters who depend almost exclusively on the EU market as their products would have attracted additional tariffs upon expiration of the preference regime for some Ghanaian and Africa, Caribbean and Pacific (ACP) exports in December 2007.

Much has changed since then, including the onset of a global financial and economic crisis. The other change is in the shifting centre of gravity of the global economy from regions like Europe to East Asia. Hence, the National CSO Platform demands that the IEPA must be abandoned. According to the platform, it is a threat to the re-positioning of the national economy and to regional integration in ECOWAS. The group urges the government to abandon the IEPA in time for the MMC meeting it will host in September.

Source: National CSO Platform