Ghana: EPA will lead to millions lost

Ghana will lose $378 million if the country goes ahead to sign the Economic Partnership Agreements with the European Union, a trade activist has said, citing a United Nations Economic Commission for Africa study. According to Mr. Sylvester Bagooro of the Third World Network, the study which has been updated by the South Centre in Geneva, Ghana would lose that amount in tariff revenue and companies exporting to the EU would pay $58 million as duty to the EU if Ghana does not sign the EPA.