Foreign Affairs Minister and North Tongu MP Samuel Okudzeto Ablakwa says the United States government has officially notified Ghana of the removal of the 15 percent tariff previously imposed on cocoa and selected agricultural products under President Trump’s administration.
In a Facebook post MyNewsGh sighted, Ablakwa said, “The United States Administration has officially informed the Government of Ghana that President Trump’s 15% imposition of tariffs on Cocoa and certain qualifying agricultural products from Ghana have been rescinded.”
He added that U.S. diplomats had confirmed to him that “the 15% tariff reversal came into effect on November 13, 2025 following President Trump’s new Executive Order.”
According to Ablakwa, the tariff cancellation covers several additional Ghanaian exports. “Other agricultural products from Ghana now exempted include cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers,” he stated.
He highlighted the financial significance of the development, noting that Ghana could see substantial gains from the change in policy.
“With an estimated annual Ghanaian cocoa beans export to the US averaging 78,000 metric tons, and at current spot price of $5,300/MT, Ghana stands to raise additional revenue of US$60 million (GHS667 million) each year resulting from Trump’s tariff rescission.”
Ablakwa described the decision as a welcomed boost for Ghana’s export sector.
“Ghana welcomes this positive development from the US which is the world’s leading importer of chocolate and cocoa products,” he wrote, adding that Ghana and the U.S. “will continue to forge closer and mutually beneficial relations.”
Source: MyNewsGh.com
