10% Tariff won’t affect local cocoa industry – Ghana Cocoa Farmers

The United States has imposed a 10% tariff on imports from all countries. This decision will have significant effects on the global economy. Many sectors will be impacted, including cocoa production.

Major cocoa-producing nations may gain an advantage over U.S. chocolate companies. The tariff was announced by President Donald Trump and affects imports worldwide, including from Ghana. Goods affected include garments, textiles, cashews, shea butter, fruits, vegetables, yams, and cocoa products.

Ghana is the world’s second-largest cocoa exporter. In 2024, cocoa accounted for 62.1% of Ghana's total exports. In 2023, Ghana exported $154 million worth of cocoa beans to the U.S., making it a key trade partner.

The new tariff raises concerns about national revenue and the cocoa industry. However, Stephenson Anane Boateng leads the Ghana National Cocoa Farmers Association. He believes the local industry may not suffer as much as expected.

“We are the producing country; people demand from us,” he said. “The tariffs imposed on exportation into the U.S. are not a big deal.” He also suggested that local chocolatiers consider passing costs onto consumers.