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
-
Strong Day 1 turnout sets tone for Day 2 of Republic Bank-JoyNews Habitat Fair Clinic
13 minutes -
Ghana Army warns new soldiers against social media misuse, uniform abuse
19 minutes -
AMA calls for science-led action to tackle environmental health risks in Accra
32 minutes -
He entered at eight. He is now 16: Ghana’s children growing up in prayer camps
4 hours -
‘Development must not always begin from Accra’ — Anwelle Foundation launched in Jirapa
4 hours -
PKO trio eye victories at Odwira Festival
7 hours -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
7 hours -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
8 hours -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
8 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
8 hours -
The brewing tension at KNUST; Beware the Ides of October….
9 hours -
Health Ministry moves to integrate traditional medicine into mainstream healthcare
9 hours -
550 pupils in Kintampo South get educational lifeline as ‘Seeds of Hope’ reaches farming communities
9 hours -
Opoku Mensah urges Christian Council, House of Chiefs to speak up on democratic freedoms
10 hours -
Teacher unions’ strike: Minority demands immediate payment of teacher arrears, 20% deprived area allowance
10 hours