Ghana secures tariff relief as US scraps 15% cocoa levy

The government says the United States has removed a 15% tariff on cocoa and selected agricultural products, a decision officials describe as a major boost to national revenue.

The announcement was made by Foreign Affairs Minister Samuel Okudzeto Ablakwa in a post on X on Monday, stating that the tariff reversal took effect on 13 November 2025 following a new Executive Order issued by President Donald Trump.

Ablakwa said the policy shift reflects a renewed commitment to deepen economic cooperation between the two countries. “This is a significant and positive development for Ghana,” he wrote. “The rescission of the tariff opens up fresh opportunities for our exporters and strengthens our long-standing partnership with the United States.”

The products affected extend beyond cocoa, covering cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and various peppers. Officials view the broader exemption list as an indication that Washington is willing to adjust its trade posture to support Ghana’s agricultural competitiveness.

According to the Minister, Ghana exports an estimated 78,000 metric tons of cocoa beans to the United States annually. Based on a spot price of US$5,300 per metric ton, the country is expected to gain an estimated US$60 million, equivalent to GHS667 million, each year as a result of the removed levy.

Trade analysts note that tariff relief of this magnitude could enhance Ghana’s share of the US cocoa market, particularly as the United States remains the world’s largest importer of chocolate and cocoa products. One analyst observed that “even marginal tariff cuts can translate to huge revenue swings, so a complete removal is highly consequential for Ghana.”

Ablakwa emphasised that the decision strengthens the foundation for closer diplomatic and commercial ties. “Our two nations will continue to forge mutually beneficial relations,” he said, adding that Ghana stands ready to take advantage of the new trade space created.

Government officials are expected to engage industry stakeholders to ensure exporters fully understand the updated requirements and can scale shipments efficiently.

The Foreign Affairs Ministry says it views the development as part of a broader effort to enhance Ghana’s economic resilience and expand opportunities for local producers.