Speaking in an interview on on Channel One TV with Bernard Avle aired on Monday, May 26, Ambassador Palmer explained that although Ghana faces a 10% tariff on exports to the U.S., this rate is far more favorable than those imposed on other countries.

“There were 10% applied globally, which the new US administration has taken, that may in the short term [be] to Ghana’s advantage, vis-à-vis its competitors. Oil and gas, which is being [a] major exporter to the US, is not subject to the tariff. If Ghana faces a 10% tariff, Bangladesh and Vietnam face 47% and 63%,” she said.

Ambassador Palmer also noted that around 60 countries are contending with tariffs higher than 10%, giving Ghana a potential advantage in global trade.

“There were 60 countries where tariffs were much higher than 10%, which may be an advantage for Ghana in the near term. I hope that Ghana will be the one making that point to the American legislature when it expires at the end of September [2025],” she added.

Ambassador Palmer encouraged Ghana to proactively engage U.S. lawmakers, especially ahead of the expiration of the current tariff framework later this year.