Skip to main content

We are ready to sign EPA - Rashid Pelpuo

Government is ready to sign the controversial Economic Partnership Agreement (EPA) which critics say, will hand over the economic control of 16 West African states to the European Union (EU).
Minister of State in charge of Public Private Partnership Rashid Pelpuo says it will be too costly not to sign because the EPA is tied to 'aid, technical assistance, political assistance and trade'
The EPA has gone through serious negotiation process aimed at granting access to European and African markets. Discussions have travelled for 12 years. The European Union wants 100% tax free access on African markets but Ghana and some other West African countries are negotiating for between 60% to 75% access.
The agreement will involve reducing and removing import duties of European manufactured goods from roofing sheets to toilet rolls. Europe will also remove quotas, duties on African exports to the EU.
According to the EU the EPA is intended to "foster  African, Caribbean and Pacific [ ACP Countries] integration into the world economy, thereby promoting their sustainable development".
Two West African countries, Côte d'Ivoire and Ghana,  initialled an interim EPA  with the EU at the end of 2007. The interim EPA with Côte d'Ivoire was signed on 26 November 2008.
But in an expected turn of events, the Economic Community Of West African States (ECOWAS) rallied by Nigeria, held off  the signing of the agreement last week, asking for time to resolve some 'technical' issues.
The decision was hailed by the mediaanti-EPA Civil Society Organisations and some international relations experts as a refusal to bow to the European pressure.
But the celebrations are meant to be short-lived. Rashid Peluo has poured cold water on the jubilation.
Speaking on Joy FM and Multi TV's Newsfile, political analysis programme, on Saturday, the Minister of State argued that in the absence of a viable alternative, Ghana's economy stands little chance of boycotting the agreement.
'So who do you turn to when you need budgetary support or some technical assistance for ministries if we do not sign this agreement?', Pelpou questioned.
"We are ready to sign the EPA", he repeatedly assured.

Credit: Myjoyonline.com

Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Ghana’s Mining Stability Agreement: The Blame Game is on