As the new Economic Community of West African States (ECOWAS) chairman, Ghana’s President John Mahama is prioritising the implementation of the regional group's Trade Liberalization Scheme (ETLS). But he accused Nigeria of foot-dragging and said that Nigerian protectionism was damaging efforts the complete the deal.
Boosting regional trade would be a boon to exporters, and even importers could realise significant savings. Mahama pointed to Nigeria's salt imports: it buys one million tonnes a year of Brazilian salt while nearby Ghana struggles to upgrade its salt sector.
“Nigeria has nothing to fear from Ghana in terms of competition," said Mahama. "Nigeria has nothing to fear from Côte d'Ivoire in terms of competition. Nigeria has nothing to fear from Benin or Togo or Niger.”
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