Stable with slight increase of 2% from previous year
Special Rates
ECOWAS Preferential Rate
0%
Applicable to goods originating from ECOWAS member states under the ETLS scheme with proper documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increase in Row Boat Exports from Ghana to the US
Ghanaian manufacturers of row boats and canoes (HS Code: 8903.99) have reported a 20% increase in exports to the United States in the third quarter of 2023, driven by demand for eco-friendly watercraft.
October 15, 2023
Impact: This surge strengthens trade ties between the two nations and boosts Ghana's small-scale boat-building industry, potentially leading to further investment and job creation.
US Retailers Promote Ghanaian Canoes at Trade Fair
A major US outdoor equipment trade fair featured Ghanaian-made row boats and canoes, highlighting their craftsmanship and sustainability, with several US retailers signing procurement deals.
September 5, 2023
Impact: Increased visibility at international trade fairs could lead to higher demand and long-term contracts, enhancing Ghana's export market share in this niche sector.
Shipping Delays Affect Ghana-US Row Boat Trade
Logistical challenges, including port congestion in the US, have delayed shipments of row boats and canoes from Ghana, causing temporary supply shortages for US distributors.
August 20, 2023
Impact: Delays may lead to short-term revenue losses for Ghanaian exporters and could prompt both countries to explore solutions for faster shipping routes or better port coordination.
Policy Updates
US Tariff Waiver Extension for Ghanaian Watercraft
The US extended a tariff waiver under the African Growth and Opportunity Act (AGOA) for certain Ghanaian goods, including row boats and canoes (HS Code: 8903.99), allowing duty-free access to the US market until 2025.
Date: July 1, 2023
Ghana Introduces Export Incentive for Boat Manufacturers
The Ghanaian government launched a new export incentive program offering tax rebates to local manufacturers of row boats and canoes to encourage production and competitiveness in international markets like the US.
