Ministers responsible for Trade, Agribusiness & Industry, Finance, and foreign affairs are scheduled to meet with the United States Ambassador to Ghana on Monday, April 7, 2025.
This meeting is in response to the recent introduction of a 10% universal tariff by the US on imports from Ghana and other countries.
The tariffs, which came into effect on April 5, 2025, have raised concerns about potential disruptions to Ghana’s trade and investment landscape. In light of this, the Ministry of Trade, Agribusiness & Industry has reassured local exporters and investors of the government’s dedication to resolving the matter. Steps are being taken to cushion the effects and maintain strong trade ties with the US.
The ministry also stated that the government is working with key stakeholders to evaluate the economic consequences of the new tariffs. It is currently exploring different approaches to reduce the short-term impact on Ghana’s export sector, which significantly benefits from duty-free and quota-free access to the US under the African Growth and Opportunity Act (AGOA).
The US government’s decision to impose the tariffs stems from broader economic and national security concerns, particularly those tied to global trade imbalances. While the tariffs apply broadly, certain items such as copper, pharmaceuticals, and essential minerals are exempted.
The Ghanaian government has pledged to keep the private sector updated as developments unfold.
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Story by: Cindy Selasi Humade | univers.ug.edu.gh
Edited by: Kuuku Osei Baidoo
