A former Chairman of Parliament's Finance Committee says Ghana needs to wake up to the realities of over-reliance on the Africa Growth and Opportunity Act (AGOA).
Patrick Yaw Boamah warned that while beneficial, it cannot be a permanent crutch.
The Okaikwei Central MP, speaking on Joy News' PM Express Business Edition on Thursday, May 1, said AGOA has supported key sectors like garments and textiles, but the country must now turn its focus inward. "There are companies that purposely set up to benefit from AGOA.
Madam Salma's company at the UTC, some at the free zones enclave-if we don't push for an extension, it will lead to a lot of job losses and revenue shortfalls for government," he said.
