Ghana’s non-traditional exports—which comprise every exportable good and service ex-cocoa, mineral ore, timber, and oil—registered an estimated US$3.94billion in revenue last year, growing by some 11.7percent over that of the previous year, 2022.
The figure took up about 24 percent of total merchandise exports in the review year, marking significant progress towards the country’s decade-long NTE revenue target of US$25.3billion by 2029.
Chief Executive Officer of the Ghana Export Promotion Authority (GEPA), Osafohene Dr. Afua Asabea Asare, who launched the annual NTEs statistics report in Accra, indicated that the significant growth signaled the authority’s strategic initiatives progress towards achieving the country’s exports goals.
She attributed the sterling growth to noticeable rise in the export of iron/steel circles, rods, sheets and billets, as well as structural changes within the domestic NTEs framework and the implementation of key interventions as prescribed in the National Export Development Strategy (NEDS).
Dr. Asabea Asare expressed gratitude to stakeholders for contributing to the growth of the NTEs sub-sector and pledged GEPA’s commitment to develop, facilitate and promote the nation’s non-traditional exports.