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Home Economy

Government to hold talks with US Ambassador over new 10% tariff on imports

Zeze Jones by Zeze Jones
April 6, 2025
in Economy, News
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The Government of Ghana is set to hold talks with the United States Ambassador to Ghana on Monday, April 7, 2025, regarding the recently announced 10% tariff imposed by the US on imports from Ghana and other countries.

The US government announced on April 2, 2025, that a 10% universal tariff would be applied to imports from all countries, including Ghana, effective April 5, 2025. However, goods already in transit before the effective date will be exempt from the new tariffs.

In addition to the universal tariffs, reciprocal tariffs ranging from 11% to 50% will take effect on April 9, 2025, targeting over 50 countries.

In a statement issued by the Ministry of Trade, Agribusiness and Industry on Saturday, April 5, 2025, the government reaffirmed its commitment to addressing the imposition of these tariffs and assured the private sector—especially exporters and investors—of swift action.

“The Ministry, as a matter of urgency, is also engaging relevant stakeholders to determine the extent of the effect and assess the full impact of the US tariffs on the country’s economy. Furthermore, various strategies are under consideration to mitigate the immediate impact on Ghana’s trade,” the statement read.

Under the African Growth and Opportunity Act (AGOA)—a preferential trade agreement between the United States and eligible African nations like Ghana—most Ghanaian exports have traditionally enjoyed duty-free, quota-free access to the US market.

However, the newly imposed tariffs mark a significant shift in US trade policy. Although goods already in transit before April 5 will be exempt, the tariffs are expected to affect several of Ghana’s key exports to the US.

The United States remains a major market for Ghanaian exports such as apparel, cocoa derivatives, gold jewellery, shea butter, and horticultural products including yams, fruits, vegetables, and cashew nuts.

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“With these exports at stake, the government is committed to keeping the private sector informed and prepared, ensuring there are no disruptions to trade and that investment in Ghana continues with predictability and confidence,” the Ministry added.

The government says it will continue to strengthen bilateral dialogue to mitigate the potential impact of the US policy shift on Ghana’s economy.

Below is the full statement;

PRESS RELEASE – IMPOSITION OF USA 10% TARIFF ON GHANA AND OTHER COUNTRIESDownload
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