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
-
Ibrahim Mahama supports disability groups with Christmas donation
16 minutes -
NACOC dismantles drug dens in Eastern and Greater Accra regions in ‘Operation White Ember’
38 minutes -
GPL 2025/26: Aduana fight from two goals down to draw against Young ApostlesÂ
53 minutes -
Emmanuel Dzivenu: The ‘stolen’ birthday
55 minutes -
ECG announces technical challenge with MMS-compliant meters; says it’s being fixed
59 minutes -
Less than 1% renewables: Dr. Richard Obeng Mensah calls for legal and policy reset
2 hours -
Galamsey operator sentenced for slashing student with bladeÂ
2 hours -
Creative Canvas 2025: Black Sherif — The cultural storyteller
3 hours -
PassionAir female pilot shares inspiring journey into aviation
3 hours -
Only shortlisted teachers with index numbers eligible for GES promotion exams
4 hours -
Sam George warns Ghanaians against assisting illegal acquisition of citizenship
4 hours -
Three injured as firefighters rescue 26 passengers after multi-vehicle crash near Kintampo Waterfalls
4 hours -
Supercar Spectacle co-founder lauds attendance at historic event
5 hours -
COPEC calls for continued investment to ensure TOR’s sustainability
5 hours -
Tyler Perry sued by another aspiring actor alleging sexual assault and seeking $77m in damages
5 hours
