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Ghana

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
12.5
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.97
1.17
-0.2

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, here's an update on tariffs related to Ghana, encompassing both general import duties within Ghana and specific impacts from recent global tariff changes: General Import Tariffs in Ghana: ECOWAS Common External Tariff (CET): Ghana, as a member of the Economic Community of West African States (ECOWAS), applies the ECOWAS Common External Tariff (CET). The CET has five tariff bands: 0%: Essential social goods (e.g., medicine, publications).   5%: Essential commodities, raw materials, and capital goods. 10%: Intermediate goods. 20%: Finished goods. 35%: Certain goods in sectors the government seeks to protect (e.g., poultry).   Exceptions to CET: Ghana historically maintained some exceptions to the CET. In the past, this number was around 190, with the highest applied tariff being 20% in those exceptional cases. The current number of exceptions isn't specified in the immediate search results, but it's important to note they exist. Other Duties and Charges: In addition to import duties based on the CET, Ghana levies several other fees and charges on imports. These can significantly increase the overall cost of imported goods and include: Value Added Tax (VAT): 15% (increased in 2022) applied to the CIF value plus import duty and other charges. National Health Insurance Levy: 2.5% on the duty-inclusive value.   GETFund Levy: 2.5% on the duty-inclusive value.   ECOWAS Levy: 0.5% on goods from non-ECOWAS countries.   African Union Levy: 0.2%   COVID Recovery Levy: Introduced in 2021. Education Fund Levy: Introduced in 2018. Sanitation and Pollution Levy: Introduced in 2021. Energy Sector Recovery Levy: Introduced in 2021. Energy Debt Recovery Levy: Introduced in 2021. Energy Fund Levy: Introduced in 2021. Processing Fee: 1% (applied even to duty-free imports). Destination Inspection Fee & ICUMS charge. EXIM Levy: 0.75%. Examination Fee: 1% (on used vehicles). Special Import Levy: For certain goods. Environmental Tax: Introduced in 2013. Overall Impact: The cumulative effect of these tariffs, VAT, and other charges can result in a total import cost significantly higher than just the stated CET rate, often exceeding 23% in many cases.   Impact of Recent Global Tariff Changes (Specifically the US): US Universal Tariff: As of April 5, 2025, the United States imposed a 10% universal tariff on imports from most countries, including Ghana. Goods already in transit before this date were exempt.   Ghana's Response: The Ghanaian government stated it would take swift action following the U.S. tariff imposition and would seek tariff relief for key export sectors through bilateral talks with the U.S. Exemptions: Certain product categories were exempted from the U.S. tariffs, such as copper, pharmaceuticals, and critical minerals. However, Ghana's priority exports were reportedly not included in these initial exemptions. Potential for Reciprocal Tariffs: While the U.S. announced reciprocal tariffs ranging from 11% to 50% for over 50 countries effective April 9, 2025, there's no specific mention in the provided snippets whether Ghana was subject to rates higher than the initial 10% universal tariff during the 90-day pause (excluding China, Hong Kong, and Macau). Recent Utility Tariff Increases within Ghana: It's important to note that while the main focus here is on import/export tariffs, Ghana has also recently seen increases in domestic utility tariffs: Effective May 3, 2025, electricity tariffs will increase by an average of 14.75%, and water tariffs will rise by 4.02%.   These increases are part of a quarterly review process under Ghana's IMF program and are attributed to factors like changes in the exchange rate, inflation, and the cost of natural gas. Key Takeaway: Ghana applies the ECOWAS Common External Tariff with five bands, but the total cost of imports is often much higher due to VAT and numerous other levies and fees. Recent U.S. tariffs have added a 10% levy on Ghanaian exports to the U.S., prompting the Ghanaian government to seek relief. Additionally, domestic utility tariffs within Ghana are set to increase in May 2025. For specific tariff rates on particular goods, it's recommended to consult the Harmonized System (HS) Customs Code and the official tariff schedule of Ghana's Revenue Authority. The U.S. Commercial Service in Ghana may also provide assistance.

US Negotiation Strategy

Based on the most recent data (January 2025), the top imports to the US from Ghana by value are: Crude Petroleum ($58.1 Million)   Cocoa Beans ($35.7 Million) Cocoa Paste ($5.27 Million)   Here's a look at which states in the US can manufacture similar goods, along with some company examples: Crude Petroleum: Texas: A major hub for oil and gas extraction and refining. Examples include ExxonMobil, Chevron, and ConocoPhillips.   Louisiana: Another significant state in the oil and gas industry, with numerous refineries and offshore drilling operations. Companies like Shell and Valero have a strong presence.   Alaska: Has substantial oil reserves and extraction activities. Companies such as BP and ConocoPhillips operate in Alaska.   Other oil-producing states include North Dakota, California, and Oklahoma. Cocoa Beans and Cocoa Paste: This is a raw agricultural product that is not commercially grown in the United States due to climate limitations. Cocoa trees require warm, humid climates found in tropical regions.   However, several states have companies that process cocoa beans into cocoa paste, cocoa butter, and chocolate products: Pennsylvania: Home to major chocolate manufacturers like Hershey's and Mars.   Illinois: Has significant food processing industries, including chocolate production (e.g., Blommer Chocolate Company).   California: Features various specialty and larger-scale chocolate producers (e.g., Ghirardelli).   Other states with chocolate and cocoa processing include New York, Massachusetts, and Wisconsin.   It's important to note the distinction: the US can refine crude petroleum and can process imported cocoa beans, but it cannot commercially grow cocoa beans domestically. The climate in Ghana is suitable for cocoa cultivation, making it a key exporter of this commodity to the US.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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