Ghana’s President John Mahama has cautioned that rising trade wars and unilateral tariff impositions threaten the stability of global commerce, emphasizing that such measures benefit no one.
Speaking at a Presidential Media Encounter in Accra, he criticized new U.S. tariffs that have placed a 15% levy on African exports, effectively crippling the African Growth and Opportunity Act (AGOA), which previously granted zero-tariff access.
He argued that the move undermines decades of negotiations that shaped the world trade system and leaves African economies vulnerable.
Mahama urged Ghana and other African nations to diversify their export destinations and strengthen intra-African trade to reduce reliance on the U.S. and China.
He noted that the legality of the U.S. tariff hikes is currently under review at the U.S. Supreme Court, which could decide whether congressional approval is required for such measures.
He stressed that Ghana must prioritize protecting its own economic interests while positioning itself to benefit from alternative markets.
