Ghana is anticipated to be one of the least affected nations in Sub-Saharan Africa as a result of the recent tariff measures introduced by President Donald Trump of the United States.
Fitch Solutions has positioned Ghana 42nd in the region regarding its vulnerability, indicating a relatively minor economic impact.
The United States has enacted a 10% reciprocal tariff on Ghana, with cocoa, textiles, and certain agricultural exports expected to bear the brunt of this measure.
The Effective US Reciprocal Tariff Rates report from the UK-based research firm indicates that the Democratic Republic of Congo will face the most severe consequences in Sub-Saharan Africa, followed by Somalia, São Tomé and Príncipe, Niger, and Eritrea. Conversely, Equatorial Guinea is anticipated to suffer the least from these tariffs.
Although President Trump has partially scaled back on the broader implementation of tariffs, Fitch Solutions warns that economic challenges persist for the region, especially for economies dependent on energy.
The report states, “We believe that Sub-Saharan Africa’s oil-exporting markets will face considerable strain if global oil prices do not rebound. Brent crude prices have fallen by approximately 14.9% since April 2, 2025, amid growing concerns of a global economic downturn, which have been intensified by OPEC+’s decision to expedite the return of its reduced barrels to the market.”
