A Consulting Halfner at Deloitte Ghana, Serwa Atiase Dzogbenuku has acknowledged that the ten per cent tariff imposed by the US authorities presents an opportunity for Ghana to emerge stronger and greater.
Based on her, the tariff wouldn’t have a major impact on the Ghanaian financial system for the reason that US was not a significant buying and selling accomplice of Ghana, compared with the extent of commerce with international locations just like the United Arab Emirates and China.
Sharing her views on the subject “US Tariffs: Navigating the Challenges and Creating Alternatives for the Ghanaian Financial system” at a Thought Management occasion organized by the Canada Ghana Chamber of Commerce, Ms Dzogbenuku mentioned regardless of the anticipated related challenges the tariffs posed to some sectors, it supplied a novel alternative for the nation to strengthen home industries, diversify commerce partnerships, and improve financial resilience.
Amidst the worldwide financial uncertainties worsened by US tariffs, gold costs have surged, reaching file highs of $3,000 per ounce in March 2025 as reported by the monetary occasions.
The rise in gold costs is driven by traders searching for safe-haven property in occasions of uncertainty.
Ms Dzogbenuku mentioned the elevated demand for gold had the potential to spice up Ghana’s exterior income, supporting the nation’s international alternate and contributing to the stabilisation of the Ghana Cedi.
On provide chain alignment, she identified that Ghana, with its political stability, bettering infrastructure, and increasing industrial base, might place itself as a most well-liked provider of products like cocoa derivatives, cashew nuts, and gold.
Based on her, this window permits Ghana to seize new market share and strengthen long-term commerce relationships.
She additionally indicated that the tariff-induced commerce shifts current a novel likelihood to reorient Ghana’s financial system from uncooked materials exports to value-added production.
“By attracting funding into processing industries (particularly cocoa, palm oil, and rubber), Ghana can construct an export-driven manufacturing base to benefit from the rising international demand for ethically sourced and sustainable merchandise,” she mentioned.
She mentioned the African Continental Free Commerce Space (AfCFTA) serves as a strategic device for Ghana to commerce extra simply with different African international locations, to strengthen native worth chains, and scale back the nation’s reliance on distant markets just like the US.
She additionally urged the government to take a position extra in agro-processing, manufacturing, and small industries to scale back dependence on completed items imports.
She cited the 24-hour economy initiative and the One District One Manufacturing facility (1D1F) implement ed by the earlier authorities as areas that wanted consideration.
These she believed would assist enhance industrialisation within the nation.
