Ghana is expected to be among the least impacted countries in Sub-Saharan Africa following the latest US tariff measures announced by President Donald Trump.
Fitch Solutions ranks Ghana 42nd in the region in terms of exposure, signaling relatively limited economic disruption.
The United States has imposed a 10% reciprocal tariff on Ghana, with cocoa, textiles, and selected agricultural exports likely to be the most affected.
According to the UK-based research firm’s Effective US Reciprocal Tariff Rates report, the Democratic Republic of Congo will be the hardest hit across Sub-Saharan Africa, followed by Somalia, São Tomé and Príncipe, Niger, and Eritrea. Equatorial Guinea is projected to experience the least impact 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.
