Audio By Carbonatix
In the wake of the United States’ imposition of a 10% tariff on Ghanaian exports, the Centre for Democratic Movement (CDM) has proposed the urgent passage of legislation to protect local exporters.
The group recommended that Parliament fast-track the establishment of a National Export Adjustment Facility.
“This fund, drawn from petroleum windfalls or levies, could cushion exporters, subsidise trade logistics, and support retooling for affected industries,” CDM stated in its 9th April release.
The proposal forms part of a broader strategy aimed at mitigating the negative impact of the tariff on industries such as cocoa processing, textiles, and agro-exports.
CDM emphasised the need for long-term economic resilience.
“Let our response be measured, informed by law and diplomacy, and driven by the collective good of the Republic. Ghana first. Always,” the group declared.
The statement also called for the One District, One Factory (1D1F) initiative to be repurposed with a strong export-oriented focus to boost value addition and reduce overreliance on raw exports.
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