Audio By Carbonatix
The first in the series of national debates on the relevance of subsidies to Ghana's socio-economic development was held in Accra on Friday.
The debate was on the motion: "Subsidies Are Required Now For Ghana's Development".
It was organised by the management of IMANI Centre for Policy and Education, AfricaLiberty.org, World Bank Ghana Country Office, and the media to highlight the need for thorough, balanced and quality discussion of issues that would engage the public and policy makers.
Participants agreed that subsidies were important to help sustain young domestic industries, make them more competitive and reduce prices of products to ensure affordability by the poor in society.
They contended that health and educational sectors were critical areas that needed support to ensure affordability, but there must be mechanisms to monitor and control abuses or manipulations by stakeholders whose actions and inactions often led to the failure of intended objectives of such subsidies and support.
They agreed that government should provide subsidies to the agricultural sector in the form of fertilizers as well as the health and educational sectors.
The participants said that government must have control over market prices to service the real needs of the poor in society.
Those in favour of the motion were, Nana Asante Bediatuo, Managing Partner of Ampem Chambers, Mr Augustine Adongo, Business Development Specialist and Mr Kingsley Ofei-Nkansah, General Secretary, General Agricultural Workers Union, Ghana Trades Union Congress.
Those against the motion were, Mr Ernest Kofi Abotsi, a Lecturer in Law, Kwame Nkrumah University of Science and Technology (KNUST) Kumasi, Mr Roland O. Akosah, Founder and Chief Executive Officer of ENO International and Mr. Kwaku Agyemang-Duah, Coordinator of Oil Marketing Companies.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana Gas denies wrongdoing over insurance switch, insists process was lawful
4 minutes -
Minority mourns Berekum Chelsea player Dominic Frimpong after fatal robbery attack
7 minutes -
Gone too soon: Top facts about Berekum Chelsea forward Dominic Frimpong
14 minutes -
Oil, war and the limits of monetary policy
34 minutes -
GFA calls for justice after death of Berekum Chelsea forward Frimpong
39 minutes -
Finance Minister leads Ghana’s delegation to 2026 IMF/World Bank Spring Meetings
40 minutes -
Today’s front pages: Monday, April 13, 2026
41 minutes -
Eugene Zuta Ministries ties new album project ‘Songs of the Redeemed’ to education support for 50 children
43 minutes -
African banks could be affected in prolonged Iran war; central banks may tighten policy rate – Fitch
45 minutes -
Ghana to honour astronaut Christina Koch with University of Ghana ties after Artemis II mission
51 minutes -
The Pulse of accountability: Navigating medical negligence in Ghana, as an emerging challenge in healthcare.
57 minutes -
Borders by Design: How the world controls who moves and who stays
1 hour -
A LinkedIn message, a Dublin defender, and a nation’s first World Cup qualification
1 hour -
UNFPA Ghana recognised with Head of State award
1 hour -
Berekum Chelsea winger Dominic Frimpong dies after armed robbery attack on team bus
2 hours