The government of Ghana must put in more effort to improve the lot of Ghanaian exporters and make them competitive ahead of the eventual implementation of the Economic Partnership Agreement (EPA).
The Ghanaian exporters believe they must be able to stand competition from their foreign counterparts which is currently not the case.
They argue that the decreasing production levels coupled with the lack of raw materials, rising cost of operation as well as the cedi depreciation does not favour their economic activity.
The Corporate Affairs Manager of Blue Skies Limited, Alistair Djimatey, told Accra-based Citi FM that if these situations are not resolved they will have dire consequences on the economy.
“It will be very unfortunate if with all these opportunities we are not able to take advantage of to maximise this opportunity that we have to produce to meet demand and compete with the other companies outside Ghana,” he told Citi Business News.
In 2016 Ghana’s Parliament ratified the EPA.
Some West African countries have not signed but the agreement is expected to take off.
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The agreement will allow some Ghanaian exports to the European Market duty and quota free and vice versa.
Major exporters have advocated that Ghana signs onto the deal as it has a lot of opportunities for the economy at large.
Meanwhile, some analysts have been against the agreement arguing that it will allow for the dumping of goods from the European market.
But Djimatey who is a supporter of the EPA argues that the EPA is the way to go.
“The EPA is the way to go however we think we need to work on getting our production capacity increased so that we will be able to take advantage of the opportunities that the EPA provides for factory such as this so we will be able to meet the production demand of our customers outside Ghana,” he said.