May 3, 2023
Ghana records 6% growth in 2022 NTE Statistics Report
Ghana’s non-traditional exports (NTEs) for 2022 reached USD 3,531,048,234, a 6% growth over USD 3,330,317,588 in 2021. The amount reported represented 20.22% of the total merchandise exports for the year.
The information was contained in the annual Non-Traditional Export Statistics Report presented by the Ghana Export Promotion Authority (GEPA) at a press briefing held at the Press Centre of the Ministry of Information (MOI) in Accra on Wednesday, May 3, 2023.
The CEO of GEPA, Dr. Afua Asabea Asare, attributed the positive development to various interventions implemented under the framework of the National Export Development Strategy (NEDS), such as the Youth in Export Programme, Export School, and Training for Small and Medium Scale Enterprises (SMEs).According to the report, cocoa paste, which raked in USD 520 million, was Ghana’s highest NTE earner out of a total of 604 products. Cashew nuts followed with USD 294.2 million.
Cocoa paste, cashew nuts, cocoa butter, iron and steel circles, rods, sheets, billets, articles of plastic, aluminium plates, sheets, and coils, canned tuna, natural rubber sheets, cocoa powder, and shea oil were the top ten NTE products for 2022.
The ECOWAS market, which remained the top destination for Ghana’s NTEs, contributed 34.59% to the overall market. The EU and UK markets ranked second with 31.90%.
With a consumption value of US$425.01 million, up 16% from the previous year, Burkina Faso emerged as the top market destination for Ghana’s NTEs.
The Deputy Minister of Trade and Industry, Nana Ama Dokua Asiamah-Adjei, said the report is indicative of the commitment and efforts by the Government of Ghana to develop the NTE sector to become an essential contributor to the nation’s revenue base.
“It is refreshing to note that the NTE sector will catalyse and consolidate the gains of initiatives such as the 1D1F programme, promote product development and market access opportunities for products of these factories, address supply-side constraints, and improve the competitiveness of goods and services produced,” she said.
Video link: (CLICK HERE) Non-Traditional Export Statistics Report 2022
Read an abridged version of the NTE Report here