GEPA Launches The 2021 Non-Traditional Export Report

Ghana Export Promotion Authority, GEPA, has launched the 2021 Nontraditional Export report.

According to the CEO, Dr Afua Asabea Asare, though the covid 19 pandemic affected businesses negatively, the nontraditional export experienced a significant increase of 17%. She also noted that GEPA still aims to rake in 25.3 billion dollars by 2029.

According to the report, the top 10 leading products which comprise cocoa paste, cocoa butter, cashew nuts, articles of plastics, canned tuna, iron/steel, natural rubber sheets, refined palm olein, cocoa powder, and aluminum plates contributed about $2.096 billion, representing 62.96% of the total NTE earnings for 2021.

The report also revealed the processed and semi-processed sector earnings amounted to $2.809 billion, depicting an increase of 17.88 compared to 2.382 billion earned in 2020. The increase was mainly due to the high performance of cocoa butter, natural rubber sheets, cocoa powder, refined palm olein, and aluminum plates, sheets and coils.

Total earnings from the agricultural sub-sector in 2021 amounted to $476.01 million compared to $433.02 million earned in 2020.

In 2021, Ghana exported to 152 countries.

Also speaking at the briefing, the Deputy Minister of Trade and Industry, Herbert Krapa stated that the report allows for proper evaluation of the national export development strategy.