Ghana welcomes rescission of Trump's 15% tariffs on cocoa, other agric products, and forecasts $60m in revenue boost
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President Trump’s 15% imposition of tariffs on cocoa and certain qualifying agricultural products from Ghana have been rescinded, the Foreign Affairs Minister, Samuel Okudzeto Ablakwa, has announced.
He left a statement on his Facebook page, Monday, November 24, 2025.
"US diplomats confirm to me that the 15% tariff reversal came into effect on November 13, 2025, following President Trump’s new Executive Order," Mr Ablakwa said.
"Other agricultural products from Ghana now exempted include cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers," he also enumerated.
The minister optimitically forecast, "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 (GHS667million) each year resulting from Trump’s tariff rescission."
"Ghana welcomes this positive development from the US which is the world’s leading importer of chocolate and cocoa products," Mr Ablakwa emphasised.
"Ghana and the USA will continue to forge closer and mutually beneficial relations," he noted, in conclusion.
Source: classfmonline.com
Trending Business

NPA, 24-Hour Economy Secretariat advances plans for night economy pilot in Osu
09:06
Ghana positioning itself as digital investment gateway for U.S. Businesses — GIPC Board Chair tells AfrICANDO 2025
02:44
A/R: Pragya riders protest alleged KMA mistreatment, extortion
17:38
Nigeria, Ghana strengthen customs cooperation to boost trade and combat illicit activity
01:16
Former Bogoso-Prestea Mine workers demand replacement of HGL with financially capable operator
11:21
NEIP CEO visits Zongo Business Incubator, applauds progress under 'Adwumawura' programme
11:12
Gov't engages Springfield on potential takeover of WCTP2 block to safeguard national petroleum assets
09:51
Jospong Group and UN University seal green deal at COP30
08:29
Boako warns: GHS62bn sterilised by BoG has crippled household spending
15:33
Ghana’s High Commissioner in UK promotes real estate investment at 2025 Ghana Property & Lifestyle Expo
11:26



