July 21, 2022
2021 NTEs Stats – General Performance
NTE earnings for the period under review (January to December 2021) amounted to US$3.330 billion, reflecting an increase of about 17% over 2020 earnings of US$ 2.846 billion. Over the last five years (2017 to 2021), Ghana’s NTEs grew at an annual average rate of 7.07% and contributed 22.62% to the total national merchandise exports of Ghana in 2021.
NTEs percentage contribution to Total National exports in 2017, 2018, 2019, 2020 and 2021 were 18%, 19%, 18%, 20% and 22.62% respectively.
The impressive showing of the NTE sector in 2021 over 2020 was due to a general increase in demand for major processed /semi-processed NTE products, expansions and optimum running of installed capacities of some major companies after the lull in 2020 due to COVID, exportation by some new 1D1F export-oriented companies, adherence to protocols of the ECOWAS Trade Liberalization Scheme (ETLS) by most member States, and relentless trade facilitation efforts by GEPA under the auspices of the Ministry of Trade and Industry.
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