Ghana earned $2.5 billion from non-traditional exports, claims Export Promotion Agency

  • October 24, 2018

Ghana earned US$2.557 billion from Non-Traditional Exports (NTE) last year, registering an increase of 3.81 per cent since 2016, when it bagged US$2.463 billion.

According to the Chief Executive Officer of Ghana Export Promotion Authority (GEPA), Ms Afua Asabea Asare, the main NTEs such as Agricultural, Processed/Semi-Processed and Industrial Art and Craft performed well due to interventions by government and other stakeholders in charge of promoting Ghana exports. She explained that the earnings covered all exports with the exception of cocoa beans, logs and lumbers, unprocessed gold and other minerals and electricity.

Outlining some of the interventions for NTEs, she said GEPA launched a pilot mass spraying of 70,000 acres of cashew annually and distributed cashew seedlings at Wenchi in the Brong Ahafo Region.

For pineapple, she said GEPA prepared and delivered 15 million suckers of pineapple, adding that the authority also secured funding to the tune of GH₡ 4.2 billion for the procurement of the suckers.

The GEPA also launched the Coconut Exports Revitalization Project and provided 60,000 hybrid coconut seedlings worth GH₡600,000 to coconut farmers in the Central Region for production.

The CEO mentioned that GEPA supported the setting up of a Secretariat for the Association of Ghana and Apparel Manufacturers and facilitated it’s participation in the February 2018 version of the MAGIC show in New York.

“GEPA rejuvenated and resuscitated the Abompe Beads Industry of Akyem-Abompe, in the Fanteakwa North district of the Eastern Region,’’ she noted.

Deputy Minister of Trade and Industry, Mr Carlos Ahenkorah, said as part of efforts to promote exports for the country’s economic growth, the Trade Ministry was supporting the National Industrial Revitalization Programme with US$ 200 million, directed at overhauling distressed but commercially viable companies.

In addition, the Ministry was restructuring the operations of GEPA to enhance export diversification and also provide support for Association of Ghana Industries, Federation of Association of Ghanaian Exporters and the Ghana Chamber of Commerce for export promotion activities.

According to him, the National Single Window, coupled with the introduction and the subsequent implementation of the paperless port, saw an improvement in business transactions, hence the reduction in time and cost in import and export activities at the ports.

He, however, called on exporters to partner with GEPA and other relevant institutions in charge of exports activities for guidance, in order to prevent the rejection of their exports at their destination points.

Source: ISD

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Auto Publish Powered By : XYZScripts.com