15% tariffs on Ghanaian cocoa and other agricultural products are lifted by the US – Ablakwa

by Mawuli
35 views

The United States has removed the 15% tariffs on Ghanaian cocoa and other agricultural exports, according to Foreign Affairs Minister Samuel Okudzeto Ablakwa.

After President Trump issued a new executive order, the decision went into force on November 13, 2025. On Monday, November 24, 2025, Ablakwa posted a confirmation of the development.

“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President Trump’s 15% imposition of tariffs on cocoa and certain qualifying agricultural products from Ghana have been rescinded,” Ablakwa wrote on Facebook.

Ablakwa claims that a number of other Ghanaian products are included by the tariff cancellation. “Other agricultural products from Ghana now exempted include cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers,” he said.

He emphasized the development’s financial importance, pointing out that Ghana might benefit significantly from the policy shift.

“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.”

According to Ablakwa, the ruling represents a positive development for Ghana’s export industry.

“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: newsthemegh.com

Related Articles