May 6, 2024

GEPA launches 2023 NTE Statistics Report; 11.75% growth recorded

The Ghana Export Promotion Authority (GEPA) has launched the 2023 Annual Non-Traditional Exports (NTEs) Statistics Report, revealing a 11.75% growth rate in NTE earnings, totaling USD 3,945,846,717.

This accounts for 24% of total merchandise exports, marking significant progress towards the country’s decade-long goal of USD 25.3 billion by 2029.

Speaking at the launch of the document at the African Trade House in Accra, the CEO of GEPA, Osafohene Dr. Afua Asabea Asare expressed her gratitude to stakeholders and assured Ghanaians of GEPA’s commitment to developing, facilitating, and promoting the nation’s non-traditional exports.

She attributed the growth to the rise in exports of iron/steel circles, rods, sheets, and billets, as well as structural changes within Ghana’s NTEs framework and the implementation of key interventions outlined under the National Export Development Strategy (NEDS).

The report launch follows a year of significant gains for GEPA, which saw the establishment of the Ghana Export Trade House in Nairobi, organization of Women Icons Regional Exhibitions, participation in international trade fairs, and various capacity-building initiatives.

Dr. Asare emphasized the importance of these efforts in promoting Ghana’s exports globally and fostering international trade relations.

The 11.75% growth rate in NTE earnings indicates GEPA’s strategic initiatives and the country’s progress towards achieving its export goals.

The report provides insights that will drive GEPA’s future initiatives, further promoting Ghana’s non-traditional exports and contributing to the country’s economic development.

Addressing journalists after the event, Dr. Afua Asabea Asare attributed the recent surge in figures to the collaborative efforts of various sister agencies, including the Food and Drugs Authority (FDA), Ghana Standards Authority (GSA), Plants Protection Regulatory Services Division (PPRSD), Ghana Free Zones Authority (GFZA), Ghana Investment Promotion Centre (GIPC), Bank of Ghana (BoG), Integrated Customs Management System (ICUMS), Ghana Revenue Authority (GRA), and the Ghana National Chamber of Commerce and Industry (GNCCI).

In the 2022 report, Ghana’s overall NTE earnings reached USD 3,531,048,234, a 6% growth over USD 3,330,317,588 in 2021.

 

Scan to view PDF of the NTE Statistics Report 2023

 

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