The Ministers of Trade, Agribusiness & Industry, Finance, and Foreign Affairs are set to engage the United States Ambassador to Ghana on Monday, April 7, 2025
This high-level meeting comes in response to the recent imposition of a 10% universal tariff by the United States on imports from Ghana and other countries.
The tariffs, which took effect on April 5, 2025, have sparked concerns over potential disruptions to trade and investments in Ghana. The Ministry of Trade, Agribusiness & Industry has assured the Ghanaian private sector, particularly major exporters and investors, of the government’s commitment to resolving the issue. Efforts are underway to mitigate the impact of the tariffs and ensure stability in trade relations.
According to the ministry, the government is also consulting with relevant stakeholders to assess the economic implications of the tariffs. Various strategies are being explored to minimize the immediate effects on Ghana’s export market, which heavily relies on duty-free and quota-free access to the US under the African Growth and Opportunity Act (AGOA).
Notably, the US Executive Order imposing the tariffs cites economic and national security concerns related to global trade deficits. While the tariffs broadly affect imports, certain products, including copper, pharmaceuticals, and critical minerals, are exempt.
The Ghanaian government has emphasized its commitment to keeping the private sector informed about the situation.
The upcoming engagement with the US Ambassador reflects the government’s proactive stance in addressing this critical issue to safeguard Ghana’s trade and economic interests.
Credit:CNR