Ghana Case Study Flashcards
1
Q
What three things does it mainly export?
A
1) Gold
2) Cocoa
3) Timber
2
Q
What import tax does it have to pay to export cocoa products to the EU so European chocolate manufacturers are protected?
A
7.7%
3
Q
What does the Economic Partnership Agreement it signed mean?
A
Zero tariff on Coca beans and Butter until 2012.
4
Q
Why are local markets being undercut for items such as Tomatoes?
A
Farmers in the EU receive subsidies to produce them and if they aren’t sold then they are ‘dumped’ on the African markets.
5
Q
Why can’t Ghana put import taxes on these items?
A
Was forced to drop import tariffs as a condition for a loan from the World Bank.
