Ghana’s 2011 Non-Traditional Exports hit $2.4 billion
Ghana’s Non-Traditional Exports (NTEs) raked in $2.423 billion in 2011 representing an increase of almost 50 percent.
In 2010 the country recorded about $1.629 billion recorded in the NTEs.
Earnings from agriculture, processed and semi-processed products as well as handicrafts contributed to the growth.
Chief Executive Officer of the Ghana Exports Promotion Authority (GEPA), Dr Kwadwo Owusu Agyeman, said an enterprise development approach adopted by GEPA, in which key companies were targeted and supported to be able to export and better collaborate with stakeholders’ involvement in planning and management of trade fairs, contributed significantly to the 2011 achievemnet.
Exports of fruits and cashew grew by 80 percent to $296.97 million in 2011 from $164.93 million in 2010, while processed and semi-processed goods went up to $2.122 billion.
The handicrafts sub-sector saw a 28.42 percent jump in proceeds to $3.57 million compared to $2.78 million.
Cocoa paste, canned tuna, cocoa butter, cashew nuts and articles of plastics are among the top 10 leading products performers during the period under review.
The non-traditional products were exported to 146 countries with the European Union accounting for 45.72 per cent of the exports.
The ECOWAS region had about 27.04 percent with the rest shared between other African countries and the rest of the world.
The three top European destinations for Ghana NTEs are the
Netherlands, United Kingdom and France. In the ECCOWAS sub region Togo is the highest ranked destination for Ghana’s NTEs.
The NTEs sector is currently being driven by value added products with strong supply base such as cocoa and canned tuna.
The Ghana Export Promotion boss said efforts would be intensified to tap into the growth potentials in non-traditional exports (NTE) to the West African sub-region.
The oulook for 2012, Dr Agyeman believes is brighter, as he acknowledged government’s support to the sector by making credit and training available to the exporters.