Ghana risks 10% to 100% tariffs on exports to US under Trump’s threats as it moves to join BRICS

Ghana's quest to become a BRICS member has raised concerns about potential tariffs imposed by the United States under President Donald Trump's warnings. According to Foreign Affairs Minister Samuel Okudzeto Ablakwa, Ghana has officially informed India and other international partners about its decision to join the grouping. The government sees this move as a way to enhance partnerships, attract investment, and promote industrialization.

Trump has repeatedly threatened tariffs against BRICS countries, including a 100% tariff on those replacing the US dollar, and a separate 10% levy for countries adopting anti-American policies. Ghana's interest in joining BRICS predates the current administration, with a ministerial committee recommending its inclusion in 2023. The country already trades extensively with several BRICS members, such as the United Arab Emirates, India, South Africa, and China.

Trump's warnings, issued in November 2024 and January 2025, come amid concerns over BRICS countries reducing their dependence on the US dollar. However, the tariff conditions for the 100% threat and the 10% threat have different requirements. The 100% threat applies if a country creates a new currency or supports another currency to replace the US dollar, while the 10% threat is linked to countries adopting anti-American policies, which are not clearly defined.