Ghana: non-traditional exports hit $2.6bn in 2017

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Ghana’s non-traditional exports for the year 2017 went up $2.6 billion, a 3.81 percent increase over the previous year’s earnings of $2.5 billion.

The 2017 performance, according to the Ghana Export Promotion Authority (GEPA), was largely due to an increase in exports of processed cocoa products, which rose by 60.5 percent from $542.3 million in 2016 to $870.2 million in 2017.

Ghana’s non-traditional exports for the past five years (2013-2017) grew at an average rate of 1.22 percent. The sector currently contributes 18.37 percent to the total national merchandise export.

The figures were released at the 78th National Export Forum in Accra by GEPA. The forum also served as a platform for the launch of the Buyer Portal of the Market Hub.

The Chief Executive Officer (CEO) of GEPA, Afua Asabea Asare, said the GEPA was committed to growing earnings from non-traditional exports.

“GEPA has over the past 10 years been committed to a number of strategic interventions geared towards increasing the contribution of the NTEs from the current $2.55 billion to $5.3 billion by the end of 2021,” Ms. Asare said.

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