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Assessing the Economic Impact of the ECOWAS CET and Economic Partnership Agreement on Ghana

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-12-08T20:56:16Z
dc.date.available2015-12-08T20:56:16Z
dc.date.issued2015
dc.description.abstractGhana is currently facing two major trade policy adjustments - the economic community of West African states (ECOWAS) common external tariff (CET) is a significant milestone within the long history of regional integration in West Africa. In addition to the CET, Ghana faces the economic partnership agreement (EPA) with the European Union, which has been designed to build on the CET in West Africa. This study aims to enhance the debate by presenting an intuitive and data-driven technical perspective on the likely effects of the CET and the EPA. The study seeks to improve the information available to policy makers in Ghana. This is highly relevant, as the CET currently awaits parliamentary approval and the EPA will soon also require ratification. The study also aims to expand the information with which policy makers can develop accompanying policies to support and derive maximum benefit from the CET and EPA trade reforms. The first stage of the study employs the trade reform impact simulation tool (TRIST), which was developed by the World Bank. The study uses the finalized CET and EPA tariff schedules at the most detailed (10-digit) tariff line level, and 2013 customs excise and preventive service (CEPS) data on imports, exemption rates, tariff revenue, value-added tax (VAT), and national health insurance levy (NHIL) revenue, excise duty, and the over-age penalty for vehicles. The report presents the results for six scenarios: (1) the effect of the CET only, which is to be implemented before the end of 2015; the effect of each stage of the EPA implemented on top of the CET, (2) CET + EPA2020, (3) CET + EPA2025, (4) CET + EPA2030, (5) CET + EPA2035, and (6) the net effect of the EPA, where the EPA is implemented from a baseline where the CET is already in place (EPA2035 from CET). The study is structured as follows: section one gives introduction. Section two summarizes the market access content of the CET and EPA. Section three analyzes the effects of each reform on revenues and imports, section four looks at the effects on consumers, and section five examines the effects on firms’ competitiveness and jobs. Section six looks at potential accompanying measures and section seven concludes.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25465332/assessing-economic-impact-ecowas-cet-economic-partnership-agreement-ghana
dc.identifier.doi10.1596/23242
dc.identifier.urihttps://hdl.handle.net/10986/23242
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTARIFFS
dc.subjectEXPORT MARKETS
dc.subjectSUBSTITUTION
dc.subjectTARIFF RATES
dc.subjectTARIFF PROTECTION
dc.subjectTRADE EFFECTS
dc.subjectMARKET DISTORTIONS
dc.subjectPRICE INCREASES
dc.subjectTRADE STRUCTURE
dc.subjectEXPORT SECTORS
dc.subjectSALES
dc.subjectTRADE BARRIERS
dc.subjectCHANGES IN TRADE
dc.subjectIMPACT OF TRADE
dc.subjectDOMESTIC INDUSTRIES
dc.subjectEXPORTS
dc.subjectDOMESTIC MARKET
dc.subjectTRADE FLOWS
dc.subjectEXPORTERS
dc.subjectEXPORT PRICES
dc.subjectDEMAND ELASTICITIES
dc.subjectMARKET SIZE
dc.subjectDISTRIBUTION
dc.subjectTRADE REFORMS
dc.subjectPREFERENTIAL MARGIN
dc.subjectPRICE
dc.subjectINTERMEDIATE PRODUCTS
dc.subjectMARKET ACCESS
dc.subjectINPUT PRICES
dc.subjectFREE TRADE
dc.subjectPREFERENTIAL ACCESS
dc.subjectZERO TARIFFS
dc.subjectTRADE AGREEMENTS
dc.subjectCUSTOMS PROCEDURES
dc.subjectDOMESTIC CONSUMPTION
dc.subjectCOMPETITIVE PRICE
dc.subjectLABOR MARKET
dc.subjectADVERTISING
dc.subjectINTERNATIONAL COMPETITIVENESS
dc.subjectDEMAND ELASTICITY
dc.subjectREDUCTION IN TARIFFS
dc.subjectREGIONAL TRADE
dc.subjectAVERAGE TARIFFS
dc.subjectVALUE OF IMPORTS
dc.subjectTARIFF REDUCTION
dc.subjectPRODUCTS
dc.subjectFREE ACCESS
dc.subjectTARIFF REVENUES
dc.subjectMARKETS
dc.subjectTARIFF REDUCTIONS
dc.subjectMETAL PRODUCTS
dc.subjectPREFERENTIAL TARIFF REDUCTION
dc.subjectACCESS
dc.subjectTRADE MODELS
dc.subjectWELFARE GAINS
dc.subjectTRADE POLICY
dc.subjectPRODUCT
dc.subjectEXPORT DIVERSIFICATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectSUPPLY ELASTICITY
dc.subjectEXPORT MARKET
dc.subjectCOUNTRY MARKETS
dc.subjectSUBSTITUTES
dc.subjectIMPORT TARIFFS
dc.subjectPRICE CHANGE
dc.subjectEXPENDITURE
dc.subjectCOMMON MARKET
dc.subjectTRADE MORE
dc.subjectCONSUMPTION
dc.subjectIMPORT MARKETS
dc.subjectINTERNATIONAL TRADE
dc.subjectREGIONALISM
dc.subjectVALUE
dc.subjectCOMPETITIVENESS
dc.subjectFREE MARKET
dc.subjectCONCESSIONS
dc.subjectDEMAND
dc.subjectIMPORT BANS
dc.subjectCOMPETITIVENESS OF FIRMS
dc.subjectTRADE REFORM
dc.subjectEXTERNAL TARIFF
dc.subjectCONSUMER PRICE
dc.subjectINTERMEDIATE GOODS
dc.subjectPRICE CHANGES
dc.subjectPRICE EFFECT
dc.subjectTRADE AREA
dc.subjectTRADE FACILITATION
dc.subjectAVERAGE PRICE
dc.subjectOPENNESS
dc.subjectREAL EXCHANGE RATE
dc.subjectMARKET
dc.subjectTRADE LIBERALIZATION
dc.subjectPROCESS OF ADJUSTMENT
dc.subjectPREFERENTIAL TREATMENT
dc.subjectTRADE DIVERSION
dc.subjectCAPITAL GOODS
dc.subjectAVERAGE TARIFF
dc.subjectTRADE DATA
dc.subjectREGIONAL INTEGRATION
dc.subjectTRADE
dc.subjectTRADE PARTNERS
dc.subjectMARKET SHARE
dc.subjectPRICE OF IMPORTS
dc.subjectSUBSTITUTION EFFECT
dc.subjectTARIFF SCHEDULE
dc.subjectDOMESTIC PRODUCTION
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectAPPAREL INDUSTRY
dc.subjectMARGINAL EFFECTS
dc.subjectTARIFF
dc.subjectINTERNATIONAL PRICES
dc.subjectSUPPLY
dc.subjectFREE TRADE AREA
dc.subjectWAREHOUSES
dc.subjectTRADE PARTNER
dc.subjectTARIFF REVENUE
dc.subjectCONSUMER PRICES
dc.subjectPREFERENTIAL TARIFF
dc.subjectRULES OF ORIGIN
dc.subjectTARIFF RATE
dc.subjectSUPPLIERS
dc.subjectINTERMEDIATE INPUTS
dc.subjectTRANSPORT COSTS
dc.subjectAPPAREL
dc.subjectIMPORT VALUE
dc.subjectIMPORT DUTIES
dc.subjectTRADE REGIME
dc.subjectINTERNATIONAL MARKETS
dc.subjectZERO TARIFF
dc.subjectPRICES
dc.titleAssessing the Economic Impact of the ECOWAS CET and Economic Partnership Agreement on Ghanaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2015-11-15
okr.date.doiregistration2025-05-05T12:37:02.801119Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25465332/assessing-economic-impact-ecowas-cet-economic-partnership-agreement-ghana
okr.guid845041467999971258
okr.identifier.externaldocumentum090224b0831bab1a_1_0
okr.identifier.internaldocumentum25465332
okr.identifier.report100888
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/16/090224b0831bab1a/1_0/Rendered/PDF/Assessing0the000agreement0on0Ghana.pdfen
okr.region.administrativeAfrica
okr.region.countryGhana
okr.topicInternational Economics and Trade::Trade Policy
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicInternational Economics and Trade::Free Trade
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitTrade Compet - GP - IBRD (GTCDR)
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