According to the most recent data from the Ghana Export Promotion Authority (GEPA), the value of Ghana’s non-traditional exports (NTEs) increased significantly, from $3.5 billion in 2022 to $3.9 billion in 2023.
A combination of structural adjustments made to Ghana’s NTE ecosystem and the successful execution of the National Export Development Strategy (NEDS) have been credited for this rise.
With an astounding 85.04% of total non-traditional export earnings, the semi-processed subsector has emerged as the major source of Ghana’s NTE revenues.
The sub-sector’s earnings exceeded $3.3 billion in 2023, a significant rise of 14.15% over 2022.
Within the subsector, sliced fruit, shea oil, plastic goods, rods, sheets, and circles made of iron and steel were among the top achievers.
The category with the highest earnings was Iron/Steel Circles, Rods, Sheets, and Billets, which outperformed Cocoa paste.
The category experienced an impressive 78.13% rise, mostly due to the demand from building and infrastructure projects.
In the meantime, earnings for cocoa butter and paste decreased, while canned tuna saw very little rise.
Shea Oil experienced a notable surge in both demand and output, resulting in a 26.51% gain. Cashew Nuts witnessed a 10.43% fall, and other products affected by changes in consumer tastes and market conditions included Natural Rubber Sheets and Aluminium Plates, Sheets, and Coils.
