• Latest
Farmers in Ghana sit beside large sacks of harvested cocoa beans at a rural buying station, with a heap of dried cocoa beans in the foreground

Ghana gains as US ends cocoa tariffs

2 weeks ago
A Ghanaian government official and an Israeli diplomat sit side by side during a meeting, both appearing serious.

Ghana’s swift retaliation forces Israel talks

20 hours ago
A group of young African tech entrepreneurs working on laptops in a co-working space during a start-up programme

Africa’s start-ups hit $3bn funding rebound

21 hours ago
A Beninese soldier in camouflage uniform and red beret salutes during a military parade, wearing medals and tactical gear

Benin demands Togo extradite coup leader

21 hours ago
Brumelda Zuma raises her hand while being sworn in as a member of South Africa’s parliament for the MK party.

Zuma expands family influence in parliament

21 hours ago
Ghana’s Foreign Minister Samuel Okudzeto Ablakwa speaking at a government briefing, addressing concerns over the treatment of Ghanaian travellers in Israel

Ghana protests Israel’s airport detentions

21 hours ago
Benin’s President Patrice Talon walks past ceremonial guards in uniform at a government building.

Why Benin’s coup failed, others didn’t

2 days ago
ECOWAS Commission headquarters in Abuja with the organisation’s logo displayed in front of the building

ECOWAS deepens Benin’s democracy crisis

2 days ago
President Mahama applauds during an international conference, wearing traditional Ghanaian attire, with global delegates seated around him

Accra emerges as Global South capital

2 days ago
Aliko Dangote wearing a hard hat at a fertiliser plant, inspecting industrial equipment

Dangote: Factories over private jets in Nigeria

2 days ago
A senior Tanzanian official stands beside a visiting US diplomat, with Tanzania flags behind them during a formal meeting.

US–Tanzania near $42bn LNG, minerals deals

2 days ago
A TotalEnergies logo sign outside a modern glass corporate building.

Burkina acquires TotalEnergies network

2 days ago
Three executives stand side by side in a formal setting with African national flags behind them at an aviation meeting.

Africa unlocks direct flight routes

2 days ago
  • About Us
  • Advertise
  • Media Kit
  • Policies and Terms
Thursday, December 11, 2025
  • Login
  • Register
Africa Briefing
Data & Research Solutions
No Result
View All Result
  • Home
  • Business & Economy
  • News
  • Energy
  • Politics
  • Technology
  • Magazine
Subscribe for More
Africa Briefing
No Result
View All Result
Home Business & Economy

Ghana gains as US ends cocoa tariffs

The US has lifted its 15 percent tariff on Ghana’s cocoa and farm exports, boosting earnings and strengthening bilateral relations

by Editorial Staff
2 weeks ago
in Business & Economy
Reading Time: 3 mins read
0 0
A A
0
Farmers in Ghana sit beside large sacks of harvested cocoa beans at a rural buying station, with a heap of dried cocoa beans in the foreground

Cocoa beans at a Ghana buying station, as farmers prepare exports set to benefit from the US decision to end tariffs on Ghana’s cocoa and farm products

0
SHARES
34
VIEWS
Share on FacebookShare on XShare on WhatsApp

Keypoints:

  • US removes 15 percent cocoa tariff
  • Ghana set for $60m annual export gains
  • Shift signals warming US–Ghana diplomacy

GHANA has secured a major economic and diplomatic breakthrough after the United States reversed a 15 percent tariff on cocoa and a broad basket of agricultural exports, a move expected to unlock tens of millions of dollars in fresh annual revenue for the West African nation.

Tariff rollback delivers major financial lift

Foreign Minister Samuel Okudzeto Ablakwa announced the decision in a statement posted on his official Facebook page, describing the reversal as timely relief for Ghana’s export sector. He said US officials had confirmed that the levy had already been scrapped following the Executive Order.

‘U.S. diplomats have confirmed to me that the reversal of the 15 percent tariff took effect on November 13, 2025, following President Trump’s new Executive Order,’ Ablakwa said. ‘Ghana welcomes this positive development from the United States, which remains the world’s largest importer of chocolate and cocoa products.’

The move is expected to translate into an additional $60 million in annual earnings for Ghana. With about 78,000 tonnes of cocoa exported to the US each year and global prices near $5,300 per tonne, exporters say the tariff removal immediately improves margins and strengthens demand. The decision also offers a critical boost to farmers whose incomes have been squeezed by rising costs and weather disruptions.

Agricultural exports receive expanded access

Beyond cocoa, the tariff rollback covers a wide range of agricultural products that have grown increasingly important in Ghana’s export portfolio. These include cashew, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers. Agricultural trade groups say the broader exemption creates new openings for Ghanaian producers in a US market where demand for tropical products has remained consistently strong.

Exporters welcome the change but warn that long-term gains will depend on sustained investment in logistics, quality control and value addition. Even so, many expect renewed buyer interest in the coming months as the US becomes more attractive for previously marginal shipments.

Diplomacy shaped the tariff U-turn

The shift in US policy follows several months of evolving diplomatic engagement between Accra and Washington. In September 2025, the United States lifted earlier visa restrictions on Ghana, restoring access to five-year multiple-entry visas after the two countries reached an agreement on the repatriation of certain migrants to Ghana or—in limited cases—approved third countries.

That cooperation placed Ghana among a small group of African nations, including Eswatini, Rwanda and Uganda, that accepted elements of the Trump administration’s broader immigration enforcement framework. Analysts cited by Reuters suggest that Accra’s willingness to work with Washington on this politically sensitive issue played a significant role in softening the United States’ stance on trade.

Strategic motives for both sides

For Ghana, the financial relief arrives at a critical moment as the government seeks additional revenue sources in the face of tightening global financial conditions. The cocoa industry—central to rural employment and national revenue—stands to benefit directly from increased export competitiveness.

For the United States, the decision underscores efforts to strengthen ties with stable partners in West Africa amid rising geopolitical competition from China and the European Union. Officials familiar with the policy shift say Washington sees Ghana as an important anchor in a region experiencing political and economic volatility.

Exporters cautiously optimistic

While the tariff removal has been widely welcomed, exporters and economists note that structural challenges persist. Fertiliser access, ageing cocoa trees and smuggling across borders continue to weigh on production. However, the improved access to the US market provides much-needed momentum as Ghana works to modernise its cocoa and horticulture industries.

Industry leaders believe the decision will spur new contracts, enhance price negotiations and encourage investment in processing facilities aimed at increasing Ghana’s share of value-added products.

Tags: agriculturecocoa exportsGhana economyTrump policyUS tradeWest Africa markets
ShareTweetSend
Editorial Staff

Editorial Staff

Related Posts

Aliko Dangote wearing a hard hat at a fertiliser plant, inspecting industrial equipment

Dangote: Factories over private jets in Nigeria

by Editorial Staff
December 9, 2025
0

Keypoints: Calls to invest in factories Criticises luxury jet spending Says industry creates local jobs AFRICA’S richest man, Aliko Dangote,...

A woman in a large woven hat sells tomatoes, vegetables and packaged food items at a busy open-air market in Ghana.

Ghana inflation hits its lowest point

by Editorial Staff
December 4, 2025
0

Keypoints: Inflation drops to 6.3 percent Food prices drive sustained fall Central bank cuts rates again GHANA’S inflation slowed for...

Central Bank of Nigeria headquarters in Abuja

Nigeria limits cash use to curb laundering

by Editorial Staff
December 4, 2025
0

Keypoints: Weekly cash limits set for 2026 Fees on excess withdrawals introduced Policy targets money-laundering risks NIGERIA’S central bank has...

A view of Nairobi’s central business district with office towers and city traffic on a clear day.

Africa’s public wealth nears historic $1tn

by Editorial Staff
December 2, 2025
0

Keypoints: African state-owned assets close to $1tn New sovereign wealth funds reshape investment landscape FDI falls sharply despite 2024 rebound...

Africa Briefing

© 2025 Africa Briefing

Quick Links

  • Home
  • About Us
  • Advertise
  • Policies and Terms

Stay Connected

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business & Economy
  • Energy
  • Magazine
  • News
  • Politics
  • Technology
  • Advertise
  • Media Kit

© 2025 Africa Briefing

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00