Ghana Case Study

Question 1

What three things does it mainly export?

Answer 1

1) Gold
2) Cocoa
3) Timber

Question 2

What import tax does it have to pay to export cocoa products to the EU so European chocolate manufacturers are protected?

Answer 2

7.7%

Question 3

What does the Economic Partnership Agreement it signed mean?

Answer 3

Zero tariff on Coca beans and Butter until 2012.

Question 4

Why are local markets being undercut for items such as Tomatoes?

Answer 4

Farmers in the EU receive subsidies to produce them and if they aren’t sold then they are ‘dumped’ on the African markets.

Question 5

Why can’t Ghana put import taxes on these items?

Answer 5

Was forced to drop import tariffs as a condition for a loan from the World Bank.