Navigating Economic Integration Assessing the Impact of the EU-Ghana Economic Partnership Agreement on Trade Dynamics

Abstract

This article reports on an investigation done into the effect of the EU-Ghana Economic Partnership Agreement (EPA) on Ghanaian trade  and analysis of the economic impact of bilateral agreements following its implementation in 2021. Secondary data was used to assess  changes in trade volumes, tariff liberalisation, and the broader economic effects on Ghana’s industries. Ghana’s engagement in  international trade and its leadership in regional initiatives, such as the African Continental Free Trade Agreement (AfCFTA), were also examined. A significant contribution of this research is the introduction of a comprehensive foreign policy framework, that was designed  to help enhance trade policies and promote sustainable economic growth. The findings of the investigations reveal that while the EPA has  facilitated greater market access and economic cooperation, strategic policy adjustments are required to protect vulnerable sectors  and optimise benefits. This comprehensive analysis provides insights for policymakers and stakeholders, and emphases the need for a balanced approach to trade liberalisation and economic development in Ghana.