Ghana to enage USA on recent tariffs

Ghana's Trade Ministry has reassured exporters to the United States. They will engage with the US about new tariffs on Ghanaian products.

President Trump recently issued an executive order. This order imposes significant tariffs on exports to the US.

Under this directive, Ghanaian goods will face a 10% levy. This move raises concerns about its impact on trade and economic ties.

The tariffs will take effect on April 5. They fall under the International Emergency Economic Powers Act of 1977. The goal is to address trade imbalances.

Countries with large trade surpluses with the US will face customized tariffs. These tariffs are calculated at half the rate those nations impose on American exports.

To understand the impact of these tariffs, the ministry plans to meet with the US ambassador on April 7, 2025.

On April 5, 2025, Ghana's Trade Ministry released a statement. It said they are urgently engaging stakeholders to assess the effects of US tariffs.

They aim to determine how these tariffs will impact Ghana’s economy. Additionally, various strategies are being considered to mitigate immediate effects on trade.