The President of the Association of Ghana Industries (AGI), Dr Humphrey Ayim-Darke, has called on the government to take proactive measures in response to the 10% tariff imposed on Ghana by the United States.

According to him, the Minister of Finance must take decisive action to manage the situation and prevent a potential fiscal crisis.

Ghana’s key exports could be significantly affected by the tariff, especially given the country's economic vulnerability to external pressures.

“The Finance Minister knows that if he doesn’t get it right, he’ll have a tough time balancing the books, generating revenue, and raising domestic income, which is largely dependent on imports. The government must take bold steps to ensure some level of certainty in the cocoa market and the broader export space,” Dr Ayim-Darke was quoted by myjoyonline.com.

The United States has announced a temporary 90-day pause on the implementation of the tariff.

The AGI President said the pause presents Ghana with an opportunity to engage in meaningful consultation and develop strategic solutions in response to the situation.

“This is still an unfolding event, and we are closely studying its dynamics. Without the 90-day pause, our anxiety levels would have been much higher. For now, we are using this time to consult, engage with the government and our counterparts, and assess the position of our regional bloc,” he explained.

He cautioned against issuing premature public statements that could cause panic, emphasising the importance of a united and deliberate national response.

“It will be more useful if the country adopts a collective engagement approach,” he added.

SSD/MA

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