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    Home»News»U.S. Lifts 15% Tariff on Ghana’s Cocoa and Agricultural Exports
    News

    U.S. Lifts 15% Tariff on Ghana’s Cocoa and Agricultural Exports

    MGD NewsBy MGD NewsNovember 24, 2025No Comments2 Mins Read
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    The government of Ghana has confirmed that the United States has fully removed the 15% tariff previously imposed on Ghana’s cocoa and other agricultural exports. Minister of Foreign Affairs Samuel Okudzeto Ablakwa announced the update in a Facebook post on Monday, November 24, 2025, stating that U.S. diplomats officially communicated the decision to Ghana’s Mission in Washington, D.C.

    The tariff reversal took effect on November 13, 2025, following the signing of a new Executive Order by U.S. President Donald Trump. This action overturns a policy introduced during his administration, which had increased export costs for Ghana’s cocoa entering the U.S. market.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    The rescinded tariff applies not only to cocoa but also to numerous Ghanaian agricultural products such as cashew nuts, avocados, bananas, mangoes, oranges, limes, plantains, pineapples, guavas, coconuts, ginger, and various peppers.

    Estimates from government officials suggest that with Ghana exporting about 78,000 metric tons of cocoa to the U.S. annually—at a spot price of roughly $5,300 per ton—the tariff removal could generate an additional $60 million (about GHC 667 million) in annual revenue.

    The government has lauded the development, describing it as a significant boost to one of the country’s key export sectors. The United States remains the largest global importer of chocolate and cocoa-based products, making duty-free entry crucial for Ghana’s export performance and competitiveness.

    Mr. Ablakwa added that Ghana and the U.S. will continue to work together to enhance bilateral cooperation and strengthen mutually beneficial economic ties.

    Source: Citinews

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