Ghanaian Importers and Exporters Decry U.S. Tariff Hike, Urge Government Intervention
The Importers and Exporters Association of Ghana has expressed strong dissatisfaction with the recent 10% tariff increase imposed on imports from Ghana by the United States government. The association described the move as a violation of global trade protocols and a significant threat to the country’s economy.
In a statement, the association criticized the decision, citing its adverse impact on Ghanaian businesses and trade relations. According to the group, the tariff increase will make Ghanaian exports less competitive in the U.S. market, leading to a potential decline in demand and revenue for exporters.
“The repercussions of this decision are far-reaching and will negatively affect multiple sectors of the economy,” the statement read. It outlined key areas of concern, including job losses due to reduced export opportunities, increased interest rates as a result of financial instability, a worsening trade deficit, and slowed economic growth.
In response, the association called on the Ministry of Trade, Agribusiness, and Industry, as well as the Ministry of Foreign Affairs and Regional Integration, to urgently engage with stakeholders to assess the full implications of the tariff hike. It also urged the government to seek diplomatic engagement with U.S. authorities to push for a policy review.
Additionally, the association called for proactive measures to support Ghanaian exporters, including incentives and relief programs to cushion businesses against the impact of the tariff increase.
“We stand in solidarity with our exporters and urge the government to act swiftly in addressing this pressing issue,” the statement concluded.
The latest tariff increase, implemented under the administration of U.S. President Donald Trump, has sparked concerns across multiple sectors in Ghana, with analysts warning of its potential consequences on trade and investment. The government’s response to these concerns remains to be seen.
