Audio By Carbonatix
George Ankomah Yeboah, a youth development 0fficer has said that the government would loose 1.8 trillion cedis annually from import duties as result of withdrawal of tariffs after joining the Economic Partnership Agreement (EPA) of European Union next year.
This, he said would affect socio-economic development programmes including health, education, welfare services and others.
Mr Yeboah said this at a forum on EPA and the European Union in Kumasi.
Over 100 participants including advocacy organizations, traders, farmers and the media attended the forum organized jointly by the Ghana Trade and Livelihood Coalition and the Resource Link Foundation, both non-governmental organizations.
It was under the theme "A Partnership for Development and not a Free Trade Agrement; Stop the EPA's.''
He said with the loss of revenue the government would be forced to introduce more taxes including the Value Added Tax.
Mr Yeboah said the influx of foreign industries under the EPA would affect the economy since the country could not compete with advanced countries in industries and this could lead to unemployment.
EPA would come into effect next year if the government signs the agreement to become member and appealed to the government to consider its negative impact on the country if it signed it.
During an open forum, participants stressed the need for the people to patronise the country's goods to protect local industries.
Dr Charles Kwoseh, lecturer at the Department of Agriculture of the Kwame Nkrumah University of Science and Technology appealed to the media to educate the masses on the negative consequences of Ghana becoming a member of the EPA.
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
-
Sophia Akuffo didn’t resign over Torkornoo’s removal – Kwakye Ofosu
43 minutes -
Government ends diesel fuel relief ahead of June pricing window
49 minutes -
Bossman Asare resigned voluntarily, government didn’t pressure him – Kwakye Ofosu
52 minutes -
Military deployed to Bawku SHS after student rampage over exam malpractice crackdown
55 minutes -
Roads Ministry must disclose full details of road contracts – MFWA
57 minutes -
Two jailed over armed robbery attack on New Edubiase fuel station
58 minutes -
IAEA backs Ghana’s nuclear readiness amid Africa’s growing energy transition
1 hour -
Tema West MP demands urgent probe into missing Constituency Women’s Organiser
1 hour -
Church of Pentecost Chairman calls on Nkwanta residents to embrace peace
1 hour -
Mahama presides over 48th Change of Guards Parade at the Presidency
1 hour -
Mahama receives letters of credence from seven new envoys
1 hour -
IAEA, FAO targets Striga threat to legume production in Africa
1 hour -
Africa must turn gas wealth into prosperity – Leaders declare
1 hour -
Ghana positions itself as preferred outsourcing hub at London roundtable
1 hour -
Police arrest suspect in murder of UCC student Innocentia Avinu
1 hour