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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

    The Nigerian film industry has once again witnessed love take center stage as popular Nollywood actress Eve Esin tied the knot with her Ghanaian partner, Suleman, in a colourful and emotional ceremony held over the weekend in Uyo, the capital city of Akwa Ibom State.

    Nollywood Star Eve Esin Marries Ghanaian Partner Suleman in Glamorous Uyo Ceremony

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    Accra — It may not even be the official start of December yet, but Ghana’s festive season seems to have found its explosive kickoff. ShattaFest 2025, headlined and organized by Dancehall superstar Shatta Wale, transformed Accra’s Independence Square into a sea of energy, music, and celebration last Saturday night.

    ShattaFest 2025: Shatta Wale Sets Independence Square Ablaze With an Unforgettable Night of Music and Unity

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Home News International

US to remove four African counties from trade deal

Mabel Boamah by Mabel Boamah
2 years ago
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US to remove four African countries from trade deal
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US President Joe Biden has revealed plans to expel Uganda, Gabon, Niger and the Central African Republic (CAR) from a special US-Africa trade programme.

The countries were either involved in “gross violations” of human rights or not making progress towards democratic rule, the president said.

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The US introduced the African Growth and Opportunity Act (Agoa) in 2000.

It gives eligible sub-Saharan African countries duty-free access to the US for more than 1,800 products.

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President Biden said that Niger and Gabon – both of which are currently under military rule following coups this year – are ineligible for Agoa because they “have not established, or are not making continual progress toward establishing the protection of political pluralism and the rule of law”.

He also said that the removal of the CAR and Uganda from the programme was due to “gross violations of internationally recognised human rights” by their governments.

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In May, the United State government had said it was considering removing Uganda from Agoa and introducing sanctions on the country after it passed a controversial anti-homosexuality law.

The law, which imposes a death penalty on people found guilty of engaging in certain same-sex acts, has faced global criticism.

“Despite intensive engagement between the United States and the Central African Republic, Gabon, Niger, and Uganda, these countries have failed to address United States concerns about their non-compliance with the Agoa eligibility criteria,” President Biden said on Monday, in a letter addressed to the speaker of the US House of Representatives.

The four countries are yet to react to the announcement, which comes just before South Africa is due to host the 20th Agoa forum from Thursday this week.

Their expulsion from Agoa is set to take effect from the start of next year and is likely to impact their economies, as Agoa has been credited with promoting exports, economic growth and job creation among participating countries.

CAR is likely to be the least impacted by the Agoa expulsion, as it only recorded $881,000 (£722,300) in US exports in 2022, according to US government data.

The country, however, imported goods worth $23m from the US in the same year, creating a massive trade deficit between the two countries.

US data also show that Uganda exported goods worth $174m to the US last year, while Gabon and Niger recorded US exports of $220m and $73m respectively in the same period.

Last month, Ugandan President Yoweri Museveni said that several American companies had already stopped importing textiles – which fall under the Agoa trade deal – from Uganda because of the passing of the anti-homosexuality law.

“The homosexuals in the US are interfering with our export of textiles. Some of the orders have been cancelled there,” Mr Museveni was quoted as saying by the privately owned Daily Monitor newspaper.

In August, Mr Museveni banned the importation of second-hand clothes, a move thought to target the US, which is a major supplier of the used garments to Uganda and other African countries.

The threat to exclude Niger and Gabon from Agoa is the latest US government action against the two junta-led countries.

The US State Department announced last week that it had suspended most foreign aid to Gabon and would only resume assistance if Gabon’s transitional government establishes democratic rule.

In August, US Secretary of State Antony Blinken announced a similar measure against Niger, saying that the US “is pausing certain foreign assistance programs benefitting the government of Niger”.

Burkina Faso, Mali and Guinea have all previously been expelled from Agoa after military coups in those countries.

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SOURCE: BBCNEWS

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Recent News

A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

October 20, 2025
The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

IMF Urges Ghana to Be Strategic in Market Intervention Efforts

October 20, 2025
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