Drawing first on stylised facts the paper isolates the impact of trade liberalisation policies pursued for the past two decades on poverty in Ghana. The second component of the work estimates the extent to which evident dimensions of trade reforms have impacted households? outcomes and contributed to reducing poverty. We apply a limited dependent variable estimator in estimating the probabilities of households escaping or being trapped into poverty following trade liberalisation. The econometric model appears to clarify the mixed signals provided by the empirical analysis and the stylised facts about trade liberalisation and poverty link in Ghana. Even though the reforms in trade have helped in generally easing poverty, the outcomes have not been broad based among agricultural households. Quite clearly the study indicates that food crop farmers have indeed been made worse off by trade liberalisation policies in Ghana. Incidentally these form the largest share of the poor in the country. More targeted policy instruments are therefore required to main stream food crop producers in poverty alleviation efforts.