Published
5 months agoon
By
Adubianews
President John Mahama has warned that the African Growth and Opportunity Act (AGOA) is now “technically dead” following fresh tariffs imposed by the United States on African exports, including a 15% levy on Ghanaian goods.
Speaking at his first presidential media encounter of his second term, Mahama expressed doubt that the agreement would survive beyond its current lifespan. “AGOA is technically dead. It was due for renegotiation in September, but there is no way with this 15% tariff, AGOA is going to be renewed. We are just watching carefully,” he said.
Mahama explained that AGOA was originally designed to give developing countries, including Ghana, zero-tariff access to the U.S. market. However, under President Donald Trump’s administration, that concession has been reversed. “Countries like Africa enjoyed zero tariffs in the US because we were in the developing world. In comes President Trump. He has a more transactional mindset… He slapped a 15% tariff on us from a zero tariff,” he noted.
Enacted in 2000, AGOA has been a cornerstone of U.S. trade policy with sub-Saharan Africa, granting duty-free access for over 1,800 products, alongside more than 5,000 others under the Generalised System of Preferences.
The agreement was modernised and extended in 2015 to run until 2025, but Trump’s protectionist trade policies have now cast doubt over its future.
For Ghana, the imposition of tariffs is a major setback, eroding the competitiveness of its exports and reversing years of progress under duty-free trade. Mahama added that while the power to impose tariffs rests with Congress, Trump continues to “push the limit,” leaving little room for optimism about AGOA’s survival.
NPP Communicator Blames Mahama in Interview Over Viral Video Controversy
President Mahama Begins Three-Day State Visit to Zambia to Deepen African Cooperation
Mahama Warns Ghana’s Security Remains Fragile Amid Rising West African Instability
Mahama Calls for Urgent Economic Reforms to Drive Africa’s Development
Mahama to Lead First Accra Reset Davos Convening at World Economic Forum
Mahama’s Failure Not Needed for Bawumia’s Presidency – Campaign Spokesperson
President Mahama Travels to UK and Davos for Global Economic Engagements
Mahama Says Tough Reforms Have Set Ghana on a Sustainable Path
Mahama Marks One Year in Office with National Thanksgiving Service