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15% US Tariff: Exporters Need Support Now – Nicholas Apokerah

Comfort Sweety Hayford by Comfort Sweety Hayford
9 months ago
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The Chief Executive Officer of Trade Aid Africa, Nicholas Apokerah, is calling on the government to adopt proactive measures to cushion the impact of the newly imposed 15% tariff on all Ghanaian exports to the United States market.
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The Chief Executive Officer of Trade Aid Africa, Nicholas Apokerah, is calling on the government to adopt proactive measures to cushion the impact of the newly imposed 15% tariff on all Ghanaian exports to the United States market.

In an interview with Joy Business, Mr. Apokerah described the development as a significant blow to the country’s export sector and emphasized the urgent need for the government to lead efforts in diversifying export destinations to safeguard Ghana’s trade resilience.

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“I’m looking at a situation where government can set up an initial buffer to support exporters grappling with these challenges,” he said.

He cited the former ASM Bank now rebranded as a potential partner in helping exporters identify their current obstacles and provide financial support where necessary.

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Mr. Apokerah urged the government to look beyond the U.S. and explore other key markets such as the European Union, Asia, and particularly China.

He also highlighted opportunities within the African Continental Free Trade Area (AfCFTA), which he believes presents untapped potential for Ghanaian exporters.

“The EU remains a very big market, the China market is also available, and within Africa, AfCFTA presents real prospects. These are markets we need to explore quickly,” he stressed.

He concluded by urging the government to take the lead in driving this strategic shift, noting that such leadership is crucial to improving Ghana’s export earnings and ensuring long-term economic stability.

“This is not the time to wait. Government must lead the charge so that we can all follow and do our part,” he added.

Read Also: African Miners Federation to Establish Investment Firm to Reclaim Resource Value

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