Audio By Carbonatix
President John Mahama has declared the African Growth and Opportunity Act (AGOA) “technically dead” after the United States imposed fresh tariffs on African exports, including a 15% levy on Ghana’s goods.
He made the remarks during his first presidential media encounter of his second term in office, warning that there is little hope of the trade agreement’s renewal.
“Countries like Africa enjoyed zero tariffs in the US because we were in the developing world. It was a concession that the US gave. In comes President Trump. He has a more transactional mindset.
"He says the US has been taken for granted for a long time so even countries like Ghana in Africa, he slapped a 15% tariff on us from a zero tariff.
"AGOA is technically dead. It was due for renegotiation in September, but there is no way with this 15% tariff, AGOA is going to be renewed. We are just watching carefully.
"The power to impose tariffs is that of Congress, but in this case, the US president [Donald Trump] always pushes the limit,” Mahama said.
AGOA, enacted in 2000, has been the cornerstone of U.S. trade policy with sub-Saharan Africa, granting duty-free access to the American market for over 1,800 products, alongside more than 5,000 products under the Generalised System of Preferences program.
The programme was modernised and extended in 2015 to run until 2025, but the Trump administration’s protectionist policies have cast serious doubt over its future.
For Ghana, the imposition of tariffs represents a direct blow to export competitiveness, marking a sharp reversal from years of duty-free trade under AGOA.
Latest Stories
-
A nation that left its farmers behind – Minority blasts gov’t over GH¢5bn grain disaster
5 minutes -
Move to scrap OSP is premature, Inusah Fuseini tells Majority caucus
6 minutes -
Farmers’ day losing meaning without real reform — GAWU Warns
8 minutes -
GTA boss outlines three priorities to drive Volta Region’s tourism growth
8 minutes -
Cary-Hiroyuki Tagawa, actor who performed in ‘Mortal Kombat,’ dies at 75
10 minutes -
Ghana celebrates 41st Farmers’ Day, spotlighting champions of food security
15 minutes -
Recreation Minister Kofi Adams backs ‘Walk With Lexis’ set for December 6
34 minutes -
Milo U13 Championship reaches quarter-final with thrilling match-ups
2 hours -
From glut to growth – John Dumelo says value addition is the way forward
3 hours -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
3 hours -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
3 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
4 hours -
Was Prince Harry referencing Trump in joke for Late Show sketch?
4 hours -
Arrest over fire petition stirs public debate in Hong Kong
4 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
5 hours
