Audio By Carbonatix
Deputy Minister of Trade and Industry, Sampson Ahi, has revealed that United States Ambassador to Ghana, was left surprised and concerned over the recent 10% tariff slapped on Ghana’s cocoa exports by President Trump.
Speaking on Joy News’ PM Express on Monday, April 7, the Bodi MP disclosed that the tariff issue came up during a meeting with Ambassador Virginia Palmer earlier in the day.
The discussion was prompted by what the Ghanaian delegation views as an unfair imposition of trade restrictions on a commodity the US does not even produce.
“Again, we asked why,” Mr Ahi told Evans Mensah during the interview.
“Because if you want to impose taxes on commodities to remain competitive, you would do that based on the commodities that you have a competitive advantage over us. The US doesn’t produce cocoa, but they have slapped a 10% tariff on its exports.”
He continued, “We sought clarification, and the ambassador, too, was surprised. She felt that if we pursued it, a commodity like cocoa could be exempted from the 10% tariff.”
The introduction of the tariff by the Trump campaign, as part of a broader trade strategy targeting several foreign imports, has drawn sharp criticism from cocoa-producing nations, who argue that it directly affects their economic lifelines and undermines global efforts at equitable trade.
Ghana is one of the world’s top cocoa producers and relies heavily on the commodity for foreign exchange.
Any new barriers to the export of cocoa are likely to have significant implications for the country’s economy and the livelihoods of millions of cocoa farmers.
According to the Deputy Minister, Ambassador Palmer did not attempt to justify the tariff but instead recommended further engagement between Ghana and the US at a much higher diplomatic level.
“No, she suggested that we should have a higher platform for discussing this particular matter,” Mr Ahi noted.
“She thinks that we should engage at a higher level—that means bringing in the president at a top governmental level.”
“She didn’t understand why cocoa is included. They know that they don’t produce cocoa, and so that was stated clearly,” he added.
Ghana, along with other African cocoa-producing nations, is expected to collectively respond to the new tariff measures.
Sampson Ahi indicated that plans are underway for a continental dialogue under the African Continental Free Trade Area (AfCFTA) framework.
“Apart from that, we also know that as Africans, we have agreed to fight this collectively. And so on the 14th of this month, AfCFTA is organising a meeting with African trade ministers to look at this situation,” he stated.
Latest Stories
-
Senaya, Ati Zigi stand out as Black Stars players rated against Wales
1 hour -
UBA engages Gold Board to deepen strategic partnership
1 hour -
The Future of Banking in Ghana: How fintech partnerships are driving financial inclusion
1 hour -
Stanbic Bank calls for responsible digital lending to protect Africa’s financial future
2 hours -
BoG fears inflation could inch above 10% by year-end due to rising crude prices
2 hours -
Minority slams “funfair and PR” evacuation, urges focus on stranded Ghanaians in South Africa
2 hours -
Deputy COCOBOD CEO for Finance, Ato Boateng, outlines new financing framework at Ghana-UK Investment Summit
2 hours -
Yirenkyi scores as Wales claw back to hold Black Stars in Queiroz’s first game
2 hours -
Access Bank Ghana accelerates growth agenda with strategic engagements in Kumasi
3 hours -
“If Anti-LGBTQ+Bill is a nullity, many Ghanaian laws would be affected too” – Majority Leader
3 hours -
Sam George, CID Boss throw support behind #3FacesofJeffreyNortey ahead of June 12 show
3 hours -
Bagbin’s directive should prompt review of Parliament’s legislative practices – Sammy Obeng
3 hours -
NPP hoped NDC would fail to pass Anti-LGBTQ+ Bill – Ayariga
4 hours -
DopeNation’s ‘Kakalika’ earns spot on Spotify’s Global Songs of Summer list
4 hours -
Prioritise job creation in Reset agenda – Dr. Kofi Amoah to government
4 hours