{"id":41867,"date":"2023-05-05T19:32:54","date_gmt":"2023-05-05T19:32:54","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022"},"modified":"2023-05-05T19:36:07","modified_gmt":"2023-05-05T19:36:07","slug":"gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022","title":{"rendered":"GEPA posts six percent growth in Non-Traditional Export earnings for 2022"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>The Ghana Export Promotion Authority (GEPA) says it recorded a six percent increase in the country\u2019s Non-Traditional Export (NTE) earnings for 2022.<\/b><\/p>\n<p>The GEPA said it raked in $3.5 billion from NTE earnings in 2022, compared to $3.33 billion recorded in 2021.<\/p>\n<p>It attributed the growth to a combination of structural changes within Ghana\u2019s Non-Traditional Export ecosystem and the effective implementation of the National Export Development Strategy (NEDS).<\/p>\n<p>The 10 leading products included cocoa paste, cashew nuts, articles of industrial arts and crafts, canned tuna, iron\/steel sheets, cocoa powder and aluminum plates, which constituted $2.1 billion, representing 60.9 percent of the total NTE revenue.<\/p>\n<p>At the launch of the Report in Accra, on Wednesday, Nana Ama Dokua Asiamah-Adjei, a Deputy Minister of Trade and Industry in charge of International Trade, acknowledged the resilience of Ghana\u2019s NTEs during global economic challenges.<\/p>\n<p>She lauded the efforts of individuals within the export value chain and the export fraternity for their relentless work, which contributed to the positive outcome of the 2022 NTE statistics.<\/p>\n<p>\u201cIt is, therefore, refreshing to see that our NTEs have continued to show resilience in the face of global economic challenges.<\/p>\n<p>\u201cI\u2019m very pleased with the outcome of the 2022 Non-Traditional Exports statistics, as it is a testament of the relentless work put in by every individual along the export value chain\/export fraternity,\u201d she said.<\/p>\n<p>The NTEs increased by six percent or US$3,531,048,234 over the previous year and accounted for over 20.22 percent of total export earnings over the same period, she said.<\/p>\n<p>\u201cIt is no doubt that the implementation of the National Export Development Strategy by GEPA and other relevant stakeholders contributed to the positive growth, and if we maintain our resilience and hard work, accomplishing the Strategy\u2019s aim in the next 10 years will be a walk in a park,\u201d the Deputy Minister stated.<\/p>\n<p>Dr Afua Asabea Asare, the Chief Executive Officer of the GEPA, providing details on the Report, said the Non-Traditional Exports encompassed a wide range of diversified products, with recorded earnings amounting to US$3,531,048,234 in 2022, compared to US$3,330,317,588 in 2021.<\/p>\n<p>She attributed the growth to a combination of structural changes within Ghana\u2019s NTE ecosystem and effective implementation of the National Export Development Strategy and thus, highlighted factors driving the impressive growth.<\/p>\n<p>\u201cWe are delighted to report a 6 per cent increase in Ghana\u2019s Non-Traditional Export earnings for 2022. This positive trend can be attributed to the successful implementation of the National Export Development Strategy and the strategic changes made within our NTE ecosystem,\u201d she added.<\/p>\n<p>The implementation of the NEDS played a crucial role in facilitating the growth of the NTE sector, she said.<\/p>\n<p>\u201cThe strategy focused on enhancing market access, improving product quality and standards, promoting value addition, and exploring emerging markets,\u201d she stated.<\/p>\n<p>These initiatives, she said, led to an overall strengthening of Ghana\u2019s NTE sector and a diversification of its export offerings<\/p>\n<p>Highlighting the top 10 NTE products for 2022, Dr. Asare mentioned cocoa paste, cashew nuts, cocoa butter, iron and steel sheets, articles of plastics, aluminium plates, sheets and coils, canned tuna, natural rubber sheets, cocoa powder, and shea oil.<\/p>\n<p>She said cocoa paste emerged as the highest earner, contributing US$520.3 million, followed by cashew nuts with US$294.2 million.<\/p>\n<p>Shea oil ranked as the lowest earner with US$92.6 million.<\/p>\n<p>The cumulative value of the top 10 products accounted for US$2,150,085,426, representing 60.9% of the total NTE earnings in 2022.<\/p>\n<p>The average earning of the top 10 earners was recorded at US$215.0 million.<\/p>\n<p>Dr. Asare outlined the market destinations for Ghana\u2019s NTEs and mentioned the five destination groups including the ECOWAS Sub-region, the European Union (EU) and the United Kingdom, as well as other developed countries and emerging countries.<\/p>\n<p>The CEO of GEPA explained that the ECOWAS market remained the leading destination, accounting for 34.59% of the total market, followed closely by the EU &amp; UK markets, contributing 31.90%.<\/p>\n<p>Burkina Faso emerged as the leading market destination for Ghana\u2019s NTEs, with a consumption value of US$425.01 million, representing a 16% increase from the previous year.<\/p>\n<p>Togo followed with a significant 21% increase, consuming US$198.05 million in 2022 compared to US$156.88 million in 2021.<\/p>\n<p>She expressed the hope that Ghana\u2019s future NTE sector looked bright, and cited the continuous efforts to diversify products, explore new markets, and enhance competitiveness.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. The Ghana Export Promotion Authority (GEPA) says it recorded a six percent increase in the country\u2019s Non-Traditional Export (NTE) earnings for 2022. The GEPA said it raked in $3.5 billion from NTE earnings in 2022, compared to $3.33 billion recorded in 2021. It attributed the growth to a combination of structural changes [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,5099],"tags":[5092,5096,429],"class_list":["post-41867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GEPA posts six percent growth in Non-Traditional Export earnings for 2022 - Ghana<\/title>\n<meta name=\"description\" content=\"The Ghana Export Promotion Authority (GEPA) says it recorded a six percent increase in the country\u2019s Non-Traditional ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GEPA posts six percent growth in Non-Traditional Export earnings for 2022\" \/>\n<meta property=\"og:description\" content=\"The Ghana Export Promotion Authority (GEPA) says it recorded a six percent increase in the country\u2019s Non-Traditional ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-05T19:32:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-05T19:36:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1683298982.25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GEPA posts six percent growth in Non-Traditional Export earnings for 2022\",\"datePublished\":\"2023-05-05T19:32:54+00:00\",\"dateModified\":\"2023-05-05T19:36:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\"},\"wordCount\":724,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1683298982.25.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/gepa-posts-six-percent-growth-in-non-traditional-export-earnings-for-2022\",\"name\":\"GEPA posts six percent growth in Non-Traditional Export earnings for 2022 - 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