Ghana is expected to face minimal economic disruption from the latest round of US tariffs, according to Fitch Solutions.
The UK-based research firm ranks Ghana 42nd in Sub-Saharan Africa in terms of exposure, indicating limited vulnerability compared to other countries in the region.
The United States, under President Donald Trump, has implemented a 10% reciprocal tariff on selected Ghanaian exports, including cocoa, textiles, and some agricultural products.
However, Fitch Solutions’ analysis suggests that the broader economic impact on Ghana will be subdued.
In contrast, countries like the Democratic Republic of Congo, Somalia, São Tomé and Príncipe, Niger, and Eritrea are expected to bear the brunt of the new tariffs. Equatorial Guinea is projected to be the least affected.
While President Trump has scaled back plans for wider tariff enforcement, the report warns of ongoing economic challenges for Sub-Saharan Africa, particularly for oil-dependent nations.
It notes that Brent crude prices have fallen by nearly 15% since early April, driven by concerns over a potential global economic slowdown and OPEC+’s decision to increase oil supply.
Fitch Solutions cautions that continued volatility in global markets could heighten financial strain for several African economies, despite Ghana’s relatively stable outlook.
