Ghana has benefitted little from free trade agreements it has signed over the last decade. The development has also contributed to widening the country's trade deficit recorded over the period.
MEPs from the European Parliament’s International Trade Committee are in West Africa this week, to monitor the implementation of Economic Partnership Agreements.
The conclusion is clear-cut: Ghana and Ivory Coast should have no interest whatsoever to implement the interim EPAs already ratified but should pressure the EU to request a new WTO waiver or to grant them the status of GSP +.
The Ghanaian Parliament did not realize that it was shooting itself in the foot, following the Government which preferred to give in to the powerful pressures of international agribusinesses rather than to hear the warnings of the whole range of Ghanaian civil society.
The Interim EPAs of Ivory Coast and Ghana will disrupt in a number of ways the functioning of intra-regional trade in the ECOWAS Trade Liberalization Scheme