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
-
SUNU Assurances Ghana LTD extends support to Paediatric Ward of Holy Family Hospital, Techiman
3 minutes -
Newspring Assemblies of God founder to host 2026 HigherLife Breakfast Meeting in Kumasi
4 minutes -
Government targets 100,000 jobs through new care economy programme – Opare-Addo
9 minutes -
Religious Affairs Ministry begins national database of shrines, religious sites
20 minutes -
GMA pushes for implementation of port optimisation measures at Tema Port
26 minutes -
Public sector reform must prioritise staff welfare – Civil Service head
30 minutes -
LEAP expansion brings relief to 4,372 more vulnerable residents in Jirapa
37 minutes -
President Ruto’s State backing fuels Nairobi’s historic 2029 World Athletics Championships bid
41 minutes -
Veep commissions five envoys, charges them to advance Ghana’s interests abroad
42 minutes -
19-year-old man jailed 15 years for robbery at Asokore Mampong
44 minutes -
Woman killed, 14 injured after vehicles collide on Accra–Kumasi highway
1 hour -
Regulatory burden threatens SME growth, job creation – ILAPI study
1 hour -
22-year-old man sentenced to 10 years for robbery in Kumasi
1 hour -
EOCO inaugurates new audit committee to strengthen financial oversight
1 hour -
Mahama pledges to expand STEM education, complete stalled UTAS laboratory
1 hour