Ghana is projected to be among the least affected countries in Sub-Saharan Africa following the recent US tariff measures introduced by President Donald Trump.
Fitch Solutions ranks Ghana 42nd in the region for exposure, indicating a relatively minor economic impact.
The United States has implemented a 10% reciprocal tariff on Ghana, with cocoa, textiles, and select agricultural exports expected to be the most impacted.
According to the UK-based research firm’s Effective US Reciprocal Tariff Rates report, the Democratic Republic of Congo will bear the greatest impact in the region, followed by Somalia, São Tomé and Príncipe, Niger, and Eritrea. Equatorial Guinea is forecasted to face the least disruption from the tariffs.
Despite President Trump’s partial retreat on broader tariff implementation, Fitch Solutions cautions that economic headwinds remain for the region, particularly for energy-reliant economies.
“We believe that SSA’s oil-exporting markets will come under significant pressure should global oil prices fail to recover. Brent crude prices have dropped by around 14.9% since April 2 [2025] with rising fears of a global economic slowdown being exacerbated by the decision by OPEC+ to accelerate the return of its cut barrels to market.” the report cautioned.
