Accra, April 1, GNA The Christian Council of Ghana on Monday said, Ghana must say no to the Economic Partnership Agreement (EPA) which seeks to liberalise 75 per cent of all imports of goods into the country from the European Union (EU).
A statement signed by Reverend Dr Kwabena Opuni-Frimpong, General Secretary of the council and copied to the Ghana News Agency said the EPA will worsen the economic challenges of Ghana if signed.
The statement said: Already, Ghana is suffering from the dumping of foreign goods at a cheaper price making it difficult for the local industries to be productive and competitive.
It said the EPA will take away the policy space that is necessary for government to direct foreign investors to areas critical for national development and that liberalisation has already led to uneven competition as the EU unwillingness to abolish agricultural subsidies had led to the demise of many Ghanaian agricultural programmes.
The statement said most local goods produce in the country do not have the capacity to compete with that of the goods from the EU markets which are mostly cheap and somewhat subsidised.
It said this will further cripple local initiatives and worsen the unemployment and poverty situation in the country as local entrepreneurs will not be able to compete with EU entrepreneurs.
The statement said the council is worried that the Government has not done enough education on the impact of EPAs on our economy since negotiations started in 2007 and this is unfortunate.
It said it was important to follow the Nigerian example by holding broad consultative meetings with key stakeholders and do fiscal assessment of the effects of the current ECOWAS EPAs on the economy.
The statement said the Minister of Trade and Industry, Mr Haruna Iddrisu is reported to have said that Ghana will hold consultations on the EPAs and that in welcoming this initiative, we as that it be should be done together with fiscal assessment as soon as possible before the two months deadline.
It said the interest of Ghanas economy and the people of this of Ghana must be protected and we must not enter into agreement that will jeopardise our economic fortunes.
The statement admonishes everyone with Proverb 11:14 which reads, For lack of guidance a nation falls but victory is won through many advisers.