Ghana Export Authority targets $4bn in non-traditional exports

The Ghana Export Promotion Authority (GEPA) is targeting $4 billion in non-traditional export (NTEs) earnings for 2017. Speaking at the launch of the 2016 export performance report, Ms Gifty Klenan, the Chief Executive Officer GEPA, said the achievement of the target calls for an aggressive implementation of the various projects in the National Export Strategy. GEPA has set itself an ambitious target of $10 billion in NTEs by 2021.

She said with the provision of adequate funding and support, the GEPA would be able to drive the anticipated increases in NTE revenue in 2017 and beyond. NTEs earned the country $2.643 billion last year compared to $2.55 billion in 2015, a 2.3 per cent increase. The figure brings NTE contribution to 23 per cent of the country’s total exports in 2016.

Export Earnings from the Agricultural sub-sector in 2016 amounted to $371.14 million compared to $396.91 million earned in 2015, bringing the sub-sector contribution to 15.07 per cent to the total NTE earnings in 2016.

The 10 leading agricultural products include; Cashew Nuts, Banana, and Medicinal Plants, Fresh or Chilled Tunas and Shea nuts.

source: ghanabusinessnews.com

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