Business

Ghana Set to Pursue Zero Tariffs with U.S. Trade Talks on Horizon

The Government of Ghana is hopeful about reaching an agreement with the United States to eliminate newly imposed tariffs on key Ghanaian exports.

This comes in the wake of a policy adjustment by the Trump Administration, which on April 2 announced a 90-day suspension of additional tariffs—beyond the standard 10%—on imports from various countries, excluding China.

The move has opened the door for renewed trade negotiations and diplomatic engagement.

Speaking at a recent business forum, Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu Adjare, conveyed cautious optimism regarding the development. She highlighted the opportunity it presents for Ghana to advocate for more favorable trade terms.

“This 90-day reprieve from the reciprocal tariff arrangement provides us with the opportunity to renegotiate terms for a potential reduction and in my heart zero percent,” she said.

She further explained that the suspension offers room for Ghana to evaluate the broader economic implications and put in place measures to soften the immediate effects.

“The 90-day pause also provides us with the opportunity to assess the full impact of the tariff and adopt ways to mitigate the immediate impact,” she added.

Related posts

Ghana saves GH¢1bn following Treasury Bill rate reduction – Ato Forson

quasi

Betting Tax in Ghana: Abolition Real or Legislative Oversight?

quasi

No Lease Renewal for Gold Fields; Damang Mine Must Shut by April 18

quasi

Acting NPA boss forges collaboration with Chamber of Bulk Oil Distributors

admin

Transport Sector Not Delivering on Economic and Social Promises, Says Bukari Nikpe

quasi

Marricke Gane tells Government of Ghana to create a Country Devt Funding Priority policy

admin

Leave a Comment