The Ministry of Affairs has provided details of the meeting between authorities and the United States Ambassador to Ghana, Virginia Palmer, over the 10 per percent tariffs imposed on Ghana by the United States government.
The statement issued by the Ministry disclosed that the US indicated that the tariff announced by the US president did not maliciously target Ghana but was intended to address the significant trade imbalances between the USA and its partners, including Ghana.
The one-hour, behind-closed-door meeting also revealed that the tariff imposed is pursuant to the International Emergency Economic Powers Act of 1977 (IEEPA).
It also emerged that the 10% tariff imposition exempts some products, including oil, gas, and energy-related products that Ghana exports to the United States. Products exported under the African Growth and Opportunity Act (AGOA) initiative are affected.
”The meeting additionally discussed the possible exemption of other sectors, particularly with cocoa and garments. Both sides agreed to work together to mitigate challenges, including potential job losses.”
The statement added, ”The Ministries of Foreign Affairs and Trade, Agribusiness and Industry would continue to engage the USA authorities on how to mitigate and alleviate the effect of the tariff on Ghanaian business and the Ghanaian economy generally through bilateral and diplomatic means”.
By: Rainbowradioonline.com/Ghana
