Pulse.com.gh logo
Go


Economic Trade Zone EU ambassador to Ghana hails ratification of EPA

The EPA is a trade deal between Economic Community of West African States (ECOWAS)  and the EU which enjoin member states to open up 70 percent of their markets to European goods over a period.

  • Published:
EU Ambassador to Ghana, William Hanna play

EU Ambassador to Ghana, William Hanna

The European Union ambassador to Ghana,William Hanna, has hailed Ghana's decision to sign the interim Economic Partnership Agreement with the EU.

The EPA is a trade deal between  Economic Community of West African States (ECOWAS)  and the EU which enjoin member states to open up 70 percent of their markets to European goods over a period.

READ MORE: Interim EPA saved Ghana €400 million in export taxes to EU market

ECOWAS countries will, in turn, have one hundred percent access to the European Market except for rice and sugar.

He said: "This new agreement will provide a long-term predictable framework to help increase trade and investment. It is a win/win deal for Ghana and the European Union. Ghanaian exporting companies will preserve the duty-free preferences on the European market that today make them competitive.

"This means no quotas and no duties on all Ghanaian exports to the European market. This will protect thousands of jobs in Ghana, mainly in the agricultural sector.

"It will also encourage new investment to create more jobs in the future. In recent years Ghana has shown that it is competitive in the EU market. As Ghana moves to consolidate its status as a middle-income country, Europe will continue to partner it on its journey to create prosperity and sustainable development.

"This agreement is a stepping stone to new and dynamic relations between Ghana and the European Union."

Meanwhile, a programmes officer with the Third World Network Africa, Sylvester Bagoroo has slammed the decision by parliament to approve the EPA, saying it contained "dangerous clauses" which he expected parliament to debate on for months to get the best deal for Ghana.

READ MORE: Thousands of industrial jobs for the chop if Ghana signs EPA

He said: "We at Third World Network Africa we are disappointed with what parliament as an institution has done.  This is an agreement that was negotiated for over a decade because there were a lot of dangerous clauses in that agreement. We were expecting parliament to debate it at committee level for months."

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Capital Bank Collapse Here are the roles of a non-executive board chairbullet
3 Bank Collapse Capital Bank Board misused GHC 610 million from BoG –...bullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Collapse Bank Here’s what former staffs of Capital Bank are...bullet
6 Nana Appiah Mensah Menzgold boss apologises to BoG after...bullet
7 Banks Collapse Accounts of defunct Royal Bank managers frozenbullet
8 IMANI Boss Attacking Otabil over Capital Bank collapse...bullet
9 Banking Issues "Collapsed banks didn't fail; they were...bullet
10 Collapsed Banks Here are the auditing firms for the 7...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Money Alert Meet Africa's richest womanbullet
5 Support Finance minister buys Kantanka carbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business