Audio By Carbonatix
Ghana’s $4.3 billion export industry is at a crossroads as the United States slaps a 10% tariff on Ghanaian products, a move that could cripple industries benefiting from duty-free access under
African Growth and Opportunity Act (AGOA).
For years, Ghanaian exporters, especially in the textile, cocoa, and agricultural sectors, have relied on the US market to stay competitive. Now, as tariffs threaten to erode their pricing advantage, experts say AfCFTA is Ghana’s best bet for survival.
However, the Minority Caucus in Parliament has accused the government of neglecting AfCFTA, citing inadequate funding and policy direction. While the previous administration launched a National AfCFTA Policy Framework, the current budget fails to prioritise its implementation, raising concerns that Ghana is not positioned to take full advantage of intra-African trade.
A well-implemented AfCFTA strategy could help Ghanaian businesses pivot away from US dependency by unlocking continental trade opportunities. The apparel industry, for instance, could target South Africa, Nigeria, and Kenya, while processed cocoa and yams could find new markets in North and East Africa.
Yet, the biggest challenge remains government inaction. Industry players argue that without investment in trade infrastructure, financial support for exporters, and aggressive market expansion efforts, Ghana may lose out on the full benefits of AfCFTA.
The US tariffs serve as a wake-up call—Ghana must decide whether to cling to an uncertain future in Western markets or fully embrace the AfCFTA vision. The next few months will be crucial in determining whether Ghana’s export sector sinks under external pressure or rises through intra-African trade resilience.
Latest Stories
-
Benny Bonsu named among 50 Most Influential African Women in Sport
20 minutes -
SFAN secures micro grant from British Council Ghana to train 100 creative entrepreneurs
31 minutes -
NPA pushes back on proposals to scrap Fuel Price Floor Policy
42 minutes -
Stanbic Bank, Asere-Amartse chiefs deliver sustainable water solution to St. Mary’s Anglican Primary School
54 minutes -
Ghana’s macroeconomic gains has renewed investor confidence – Stanbic Bank’s Sydney Tetteh
1 hour -
Policy stability, currency strength and regulatory reforms key to attracting investors – Stanbic Bank
1 hour -
Stanbic Bank Ghana begins 2026 with thanksgiving service; reaffirms support for Ghana’s economic recovery
2 hours -
Nigerian imam honoured for saving Christian lives dies aged 90
2 hours -
What a seventh term for 81-year-old leader means for Uganda
2 hours -
AFCON: ‘Shameful’ and ‘terrible look’ – the chaos that marred Senegal’s triumph
2 hours -
Rashford scores but Barca lose to 10-man Sociedad
2 hours -
Diaz will ‘have nightmares’ over ‘Panenka’ failure
3 hours -
Tragic death of Chimamanda Adichie’s young son pushes Nigeria to act on health sector failings
3 hours -
‘I want to show the world what Africa is’: YouTube star brings joy and tears on tour
3 hours -
‘An ambassador for African football’ – Mane is Senegal’s Afcon hero
3 hours
