Chief Economist at the Development Bank Ghana (DBG), Prof.
Eric Osei-Assibey, has stressed that Ghana's inability to compete in the global market is less about tariffs and more about the high cost of local production, which prevents indigenous firms from pricing goods competitively.
Speaking at this year's Citi Business Forum in Accra on Thursday, June 12, held on the theme "The Global Tariffs Dispute: Navigating Ghana's Recovery Strategy," he underscored the urgent need to shift policy focus towards creating a more competitive production environment. "We need to look at how to create a competitive environment.
We have mentioned some of the products that seem to have some comparative advantage, palm oil, cashew, etc., but that in itself cannot get us into the global value chain," he said.
