ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

CDM urges gov’t to respond strategically to U.S. tariff

Wed, Apr 9 2025 10:21 AM
in Ghana General News
cdm urges govt to respond strategically to u s tariff
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
image 225

The Centre for Democratic Movement (CDM) has called for action following the United States’ imposition of a 10% tariff on Ghanaian exports, warning that the decision could unravel years of economic progress, cripple key industries, and plunge thousands of Ghanaians into financial insecurity.

In a statement titled “Ghana Must Respond Strategically to U.S. 10% Tariff: A Patriotic Call to Protect Our Economy and People”, the non-partisan policy and governance think tank described the U.S. policy as “not merely a trade issue, but a bread-and-butter issue” with grave consequences for cocoa farmers, garment workers, small businesses, and Ghana’s overall economic health.

“This is a test of Ghana’s resilience, strategic foresight, and unity of purpose,” CDM stated, rejecting the notion that the U.S. tariffs—purportedly in response to Ghana’s average 17% tariffs on U.S. goods—are justifiable under existing bilateral and multilateral agreements.

The Centre questioned the legality and fairness of the U.S. decision, especially given Ghana’s status under the African Growth and Opportunity Act (AGOA), a U.S. trade preference programme offering duty-free access to thousands of African exports. Ghana, CDM argued, has consistently fulfilled its obligations under AGOA and has not been formally removed from its benefits by the U.S. Congress.

“If AGOA has not been revoked, then a blanket 10% tariff contradicts both the spirit and letter of the agreement,” CDM argued. “It undermines the trust and mutual respect that have long defined U.S.-Ghana trade relations.”

Citing sector-specific impacts, the group warned that about 30% of Ghana’s cocoa exports—particularly processed products like cocoa powder and paste—now risk reduced demand in the U.S. market. “This will hurt cocoa processors and, indirectly, millions of smallholder cocoa farmers,” the statement said.

ReadAbout

Deputy Finance Minister justifies need for new Value for Money Office

Deputy Finance Minister justifies need for new Value for Money Office

Prof Boadi welcomes COVID levy removal, but warns of GH₵3.7bn gap

The apparel sector, already one of the country’s few growing industrial employers, is also in danger. “With over 5,000 young people employed in Ghana’s apparel industry, these tariffs will threaten contracts and jobs. Market access will shrink, and factories may shutter,” CDM cautioned.

The Centre called the situation a direct threat to national development, urging the government to go beyond diplomatic niceties. “This is not a time for partisanship, blame, or bureaucracy. We must defend Ghana’s economic sovereignty with clarity, maturity, and resolve.”

In outlining a comprehensive five-point response, CDM urged the government to:

  1. Initiate high-level diplomatic talks with the U.S. Trade Representative and Congress to seek AGOA exemptions or clarification.
  2. Fully activate Ghana’s AfCFTA strategy to reduce overreliance on U.S. markets and expand intra-African trade;
  3. Consider dispute resolution through the World Trade Organization (WTO) if diplomacy fails;
  4. Establish a National Export Adjustment Facility, funded by petroleum windfalls, to cushion affected exporters; and
  5. Accelerate value addition and agro-processing under Ghana’s One District, One Factory (1D1F) initiative.

“It is time for Ghana to lead by example—not just as the host of the AfCFTA Secretariat but as a resilient African economy charting its own course,” the Centre declared.

The statement concluded with a patriotic call for unity. “The livelihoods of cocoa farmers in Sefwi, garment workers in Tema, and shea processors in Tamale are on the line. Let our response be driven by law, diplomacy, and the collective good of the Republic. Ghana first. Always.”

As the country faces what CDM describes as “a turning point,” the group reaffirmed its commitment to non-partisan policy advocacy and democratic accountability.

“We have overcome greater challenges before. With clarity of vision, unity of purpose, and courage of conviction, we shall prevail again.”

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Chef Abbys, Adjoa Tee, Endurance and Headless nominated for 2025 Creators Awards & Festival 

Chef Abbys, Adjoa Tee, Endurance and Headless nominated for 2025 Creators Awards & Festival 

1
Chef Abbys, Adjoa Tee, Endurance and Headless nominated for 2025 Creators Awards & Festival 

Chef Abbys, Adjoa Tee, Endurance and Headless nominated for 2025 Creators Awards & Festival 

1

Deputy Finance Minister justifies need for new Value for Money Office

Deputy Finance Minister justifies need for new Value for Money Office

Prof Boadi welcomes COVID levy removal, but warns of GH₵3.7bn gap

Afenyo-Markin Warns NPP Minority MPs: “disunity is weakening our role in Parliament”

Brazil launches first global health adaptation plan at COP30

Brazil launches first global health adaptation plan at COP30

Police arrest four suspects over Tanoso Chief’s murder amid chieftaincy dispute

Police arrest four suspects over Tanoso Chief’s murder amid chieftaincy dispute

  • Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    0 shares
    Share 0 Tweet 0
  • Haruna Iddrisu urges review of salary disparities between doctors in academia and health service

    0 shares
    Share 0 Tweet 0
  • No justification for higher GAF entry age – Col. Festus Aboagye (Rtd.)

    0 shares
    Share 0 Tweet 0
  • Farewell, River Ayensu

    0 shares
    Share 0 Tweet 0
  • We are coming for you – CID boss tells criminals

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.