The Ministry of Trade, Agribusiness & Industry has announced plans to engage with the U.S. government regarding the recent 10% tariff imposed on Ghanaian products.
The aim of the engagement, according to the Ministry, is to prevent “trade disruptions and investment decisions in the country.”
To assess the full impact of the decision on Ghana’s economy, the Ministry is engaging with relevant stakeholders to determine the effects.
The Ministry issued a statement on Saturday, April 05, 2025, assuring the private sector, particularly major exporters, investors, and the general public, of the government’s actions regarding the policy.
“Furthermore, various strategies are under consideration to mitigate the immediate impact on Ghana’s trade,” the statement added.
The U.S. government on Wednesday, April 02, 2025, announced the imposition of 10% universal tariff, effective April 05, 2025, covering imports from all countries including Ghana into the United States.
Whilst goods that are on transit as of the date of the order were exempted from the tariffs, reciprocal tariffs were imposed on over 50 countries with rates ranging from 11% to 50%, effective April 9, 2025.
According to the Executive Order, the tariffs were being imposed pursuant to the International Emergency Economic Powers Act of 1977 (IEEPA) due to economic and national security implications of the country’s global trade deficits.
Meanwhile, most Ghanaian exports to the US market enjoy the duty-free quota free market access through the African Growth and Opportunity Act (AGOA), which is a non-reciprocal preferential trade agreement between the USA and eligible African countries, including Ghana.
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