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    Home » US Reverses 15% Tariffs on Ghana’s Cocoa
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    US Reverses 15% Tariffs on Ghana’s Cocoa

    LamisiBy LamisiNovember 24, 2025No Comments2 Mins Read6 Views
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    Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, has announced that the United States government has officially reversed the 15% tariffs previously imposed on Ghana’s cocoa and several other agricultural products. He made the announcement in a post on X (formerly Twitter), confirming that US diplomats had formally communicated the decision to the Government of Ghana.

    According to the minister, the tariff reversal took effect on November 13, 2025, following a new Executive Order signed by President Trump. The move reinstates tariff-free access for Ghana’s cocoa exports to the US and extends exemptions to several other products.

    Among the agricultural goods now exempt are cashew nuts, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers.

    The development is expected to significantly boost Ghana’s export earnings. With cocoa exports to the US averaging 78,000 metric tons annually — and world prices currently around $5,300 per metric ton — the removal of the 15% tariff is projected to generate an additional US$60 million (GHS 667 million) in revenue each year.

    Ghana has welcomed the development, describing it as a boost for the country’s agricultural sector and a positive sign for bilateral trade. The United States is the world’s leading importer of chocolate and cocoa products, making the renewed tariff exemption vital for Ghana’s export competitiveness.

    According to the minister, Ghana and the US will continue to build on their longstanding partnership and work toward deeper, mutually beneficial relations.

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