The United States Administration has rescinded its decision to impose a 15% tariff on cocoa and certain qualifying agricultural products from Ghana.
This was disclosed by the Foreign Affairs Minister, Samuel Okudzeto Ablakwa, in a statement he shared on his official Facebook page.
Mr. Ablakwa noted that the United States Administration has officially informed the Government of Ghana about this development.
He said US diplomats confirmed to him that the 15% tariff reversal came into effect on November 13, 2025, following President Trump’s new Executive Order.
He added “Other agricultural products from Ghana now exempted include cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers.
With an estimated annual Ghanaian cocoa beans export to the US averaging 78,000 metric tons, and at current spot price of $5,300/MT, Ghana stands to raise additional revenue of US$60 million (GHS667million) each year resulting from Trump’s tariff rescission.”
Below is the full statement
The United States Administration has officially informed the Government of Ghana that President Trump’s 15% imposition of tariffs on Cocoa and certain qualifying agricultural products from Ghana have been rescinded.
US diplomats confirm to me that the 15% tariff reversal came into effect on November 13, 2025 following President Trump’s new Executive Order.
Other agricultural products from Ghana now exempted include cashew nut, avocado, banana, mango, orange, lime, plantain, pineapple, guava, coconut, ginger and assorted peppers.
With an estimated annual Ghanaian cocoa beans export to the US averaging 78,000 metric tons, and at current spot price of $5,300/MT, Ghana stands to raise additional revenue of US$60 million (GHS667million) each year resulting from Trump’s tariff rescission.
Ghana welcomes this positive development from the US which is the world’s leading importer of chocolate and cocoa products.
Ghana ???????? and the USA ???????? will continue to forge closer and mutually beneficial relations.
By: Rainbowradioonline.com/Ghana
