• About
  • Contact Us
  • Join Our WhatsApp Community
Friday, September 12, 2025
RGG News
No Result
View All Result
  • Home
  • News
    • Top Stories
  • Politics
  • TTP Blog
  • Business
  • Editorial
  • Features
  • International
    • Africa
    • World
  • Health
  • Education
  • Others
    • Videos
    • Sports
    • Culture
    • Security
    • Infographics
    • Entertainment
    • Environmental
  • Home
  • News
    • Top Stories
  • Politics
  • TTP Blog
  • Business
  • Editorial
  • Features
  • International
    • Africa
    • World
  • Health
  • Education
  • Others
    • Videos
    • Sports
    • Culture
    • Security
    • Infographics
    • Entertainment
    • Environmental
No Result
View All Result
Rgg News
No Result
View All Result
Home News Top Stories

Minority warns of looming trade crisis as U.S. slaps 10% tariff on Ghanaian exports

RGG NewsroombyRGG Newsroom
April 4, 2025
in Top Stories
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

The Minority Caucus in Parliament has criticised government’s apparent inaction following the United States’ recent imposition of a 10% tariff on Ghanaian exports, warning that the country could face a deepening trade crisis if immediate steps are not taken.

In a strongly-worded statement issued by the Ranking Member on Parliament’s Trade, Industry and Tourism Committee, Michael Okyere Baafi, the Minority accused the government of failing to respond adequately to the new trade measures, which they described as a serious threat to Ghana’s export-led sectors.

READ ALSO

NPP, Other Parties Notify Police On Protest Against Removal of Chief Justice

GUTA Rejects Tarrif Hikes, Cites Corruption and Mismanagement In Sector

“This administration appears to have no strategy to shield the country from such external shocks. It has failed to build on frameworks that once positioned Ghana for trade resilience,” the statement noted.

The new tariff, introduced by former U.S. President Donald Trump as part of what the Minority described as a broader escalation of duties targeting African countries, is expected to severely affect Ghana’s trade under the African Growth and Opportunity Act (AGOA), which currently allows more than 6,700 Ghanaian goods duty-free access to the U.S. market. AGOA is set to expire in September 2025 unless renewed.

Key sectors at risk include apparel, cocoa powder and paste, and yam exports—industries that collectively support thousands of livelihoods, particularly among youth and small-scale producers.

The Minority has also blamed the government for downplaying the importance of the African Continental Free Trade Area (AfCFTA), headquartered in Accra, which they say was designed to reduce Ghana’s dependence on volatile external markets.

According to the statement, under the previous NPP administration, Ghana made progress with the launch of the National AfCFTA Policy Framework and Action Plan. Through initiatives like One District, One Factory (1D1F), local businesses gained a foothold in regional markets, increasing exports of products such as iron rods, ceramics and plastics across West Africa.

“But the current government has failed to maintain momentum,” the Minority stated. “AfCFTA has received limited attention in the national budget, and exporters are left without strategic support or protection in times like these.”

They called for urgent steps to mitigate the situation, including:

  • Immediate prioritisation and funding of the AfCFTA Action Plan
  • High-level diplomatic engagement with U.S. authorities to seek clarity and possible exemptions
  • Direct assistance to exporters, including financing, training, and access to market data
  • A comprehensive and coordinated national export strategy

The Minority warned that failure to act swiftly could undermine Ghana’s global competitiveness and derail efforts to diversify export markets.

“This is no longer just about trade. It is about jobs, livelihoods, and our position in the global economy,” the statement concluded. “Ghana must not remain silent in the face of such a clear and present threat.”

Tags: Minority Caucus

Related Posts

Richard Ahiagbah Director of Communications, NPP
News

NPP, Other Parties Notify Police On Protest Against Removal of Chief Justice

April 28, 2025
GUTA Rejects Tarrif Hikes, Cites Corruption and Mismanagement In Sector
News

GUTA Rejects Tarrif Hikes, Cites Corruption and Mismanagement In Sector

April 16, 2025
Some NDC Members Back Ebi Bright As Tema Mayor
News

Some NDC Members Back Ebi Bright As Tema Mayor

April 16, 2025
Achimota Court Grants Bail to NPP Activist Over ‘False’ Death Announcement of Vice President
News

Achimota Court Grants Bail to NPP Activist Over ‘False’ Death Announcement of Vice President

April 14, 2025
Mahama invites Czech investment in agriculture and digital sectors
Business

Mahama invites Czech investment in agriculture and digital sectors

April 10, 2025
Minority petitions Speaker over NIB’s attempted arrest of MP
News

Minority petitions Speaker over NIB’s attempted arrest of MP

April 10, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

World Environment Day 2024

World Environment Day 2024

June 5, 2024
Germany have began their Euro 2024 campaign by beating Scotland 5-1 at the Allianz Arena.

Germany beats Scotland 5-1 to set new tournament record.

June 14, 2024
MMDAs Urged to Use Poverty Index for Local Development

MMDAs Urged to Use Poverty Index for Local Development

June 17, 2024
From Glory to Gloom: The Decline of the Ghana Premier League

From Glory to Gloom: The Decline of the Ghana Premier League

June 18, 2024
AUC and GABI Renew Partnership

AUC and GABI Renew Partnership to Boost African Trade and Investment

July 22, 2024

Subscribe to Email Updates

Subscribe to receives daily updates direct to your inbox!

*We promise we won't spam you.

EDITOR'S PICK

Vietnamese tycoon loses death row appeal over world’s biggest bank fraud

Vietnamese tycoon loses death row appeal over world’s biggest bank fraud

December 3, 2024
Quote of the Day

Quote of the Day

January 10, 2024
Parliament to reconvene in early November – Speaker

Parliament to reconvene in early November – Speaker

October 31, 2024
Use IMF Cash Judiciously – Mahama

Use IMF Cash Judiciously – Mahama

January 24, 2024

About

At RGG MEDIA, we are not just any media house. We are a catalytic information enterprise that goes beyond the traditional role of reporting the news.

Our goal is to be the most balanced, interactive, and community-centered media outlet, striving to bring people together and create a positive impact.

Join us in our mission to make a difference in the world through the power of information.

Your voice, your platform.

Follow us

Categories

  • Africa
  • Business
  • Creative Arts
  • Culture
  • Editorial
  • Education
  • Entertainment
  • Environmental
  • Features
  • Health
  • Infographics
  • International
  • News
  • Others
  • Politics
  • Security
  • Sports
  • The Dailies
  • Top Stories
  • TTP Blog
  • Videos
  • Voters Diary
  • World

Recent Posts

  • NPP, Other Parties Notify Police On Protest Against Removal of Chief Justice
  • Pope Francis Dies at 88 After Decade-Long Pontificate
  • GUTA Rejects Tarrif Hikes, Cites Corruption and Mismanagement In Sector
  • Some NDC Members Back Ebi Bright As Tema Mayor

Newsletter

Subscribe to Email Updates

Subscribe to receives daily updates direct to your inbox!

*We promise we won't spam you.

  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us

© 2023-2024 Rgg News - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
  • Politics
  • Editorial
  • Business
  • International
  • Features
  • TTP Blog
  • The Dailies
  • Videos
  • Culture
  • Education
  • Entertainment
  • Environmental
  • Health
  • News
  • Top Stories
  • Politics
  • Security
  • Sports
  • The Dailies
  • Videos

© 2023-2024 Rgg News - All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.