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US lifts 15% tariff on Ghanaian cocoa

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Ghana has scored a major economic win as the United States lifted the 15% tariff on its cocoa and a wide range of agricultural exports. The reversal, confirmed by Ghana’s Foreign Minister Samuel Okudzeto Ablakwa, is set to boost revenue by around US$60 million annually, benefiting cocoa, cashew, avocado, mango, and other key crops. The decision follows months of closer diplomatic engagement, including Ghana’s cooperation with US immigration policies and the lifting of prior visa restrictions. Analysts see the tariff rollback as reflecting a recalibrated US–Ghana relationship, providing Accra both economic relief and strategic leverage. For Ghanaian farmers and exporters, the move promises expanded opportunities in the world’s largest chocolate market.

Business Insider Africa

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