Ghana bags US$2.89 billion in Non-Traditional Exports
Cocoa Cake
Cocoa Bean
Ghana
Published Jan 6, 2021
Tridge summary
Ghana bagged US$2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 percent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 percent of total exports last year.
Original content
Ghana bagged US$2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 percent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 percent of total exports last year. Over the last five years (2015 to 2019), Ghana’s NTEs grew at an annual average rate of 2.97 percent and contributed 18 percent to total national merchandise exports of Ghana in 2019. The appreciation in non-traditional exports is associated with higher performance in the processed and semi-processed products sector, particularly, cocoa cake, palm oil, iron and steel products. Manufacturing was the highest contributing sector, accounting for about 84.6 percent of the total non-traditional exports. The performance of this sub-sector reflects a growth of 11.15 percent in 2019 over 2018 earnings. In ...
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