Ghana's Bawumia: Trust, Not Tariffs, Key to Stable Global Trade

Ghana's Bawumia Offers Insights on Global Trade Stability at Brussels Forum Former Ghanaian Vice President Dr. Mahamudu Bawumia recently addressed the 2025 IDU Forum in Brussels, offering his perspective on stabilizing global trade. His remarks highlighted significant trade imbalances and the limitations of using tariffs as a primary solution. "You cannot fix a trade deficit with tariffs; it just doesn't work," Bawumia stated. He emphasized the need for a macroeconomic approach, focusing on broader economic resilience. Bawumia's insights included the observation that Africa holds only a small share of global trade, making it vulnerable to external shocks. He advocated for increased intra-African trade as a means of bolstering economic stability. The discussion also touched upon the growing role of China in African trade and the need for diversified partnerships with other regions, including Europe. Bawumia's presence and expertise lend credibility to the discussion's insights, making this a valuable contribution to the ongoing conversation about global trade stability.