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March 11, 2016

 
 
 
 
 

Ghana’s Non-Traditional Exports sector records 32.54% growth in first quarter 2009
Masahudu Ankiilu Kunateh, Ghanadot

Accra, June 15, Ghanadot - In spite of the current global economic crisis, which is sweeping through various sectors of the global economies, Ghana’s Non-Traditional Exports (NTEs) has an impressive performance in the first quarter of this year compared with the same period in 2008.


Data emanating from the Ghana Export Promotion Council (GEPC) indicate that exports during the period amounted to $316.71 million, representing a growth of 32.54 per cent over revenue of $238.95 million for the same period of 2008.


Processed and semi-processed products contributed about 86 per cent to the total revenue.


Cocoa paste, plastic products, cocoa butter and canned tuna were among the top 10 leading products during the period.


The European Union and ECOWAS are the major destinations for NTEs, accounting for 44.58 per cent and 35.68 per cent of the market respectively, the Executive Secretary, Ghana Export Promotion Council (GEPC), Mr. Collins Boateng, has disclosed in an interview with the Ghanadot in Accra.


However, he indicated that the NTEs sector were not entirely safe from the impact of the economic crisis.


Speaking at a two-day workshop to examine the harmful effects of the global economic downturn on the export business community, Mr Boateng noted while there was continuous demand for exports, some importers were asking for extended period of payment and this could impact on working capital of exporters.


To this end, , the Council is focusing on improving market access of NTEs in the West African sub-region as a means of offsetting any dip in demand in the EU market.


There are also plans to explore opportunities in other countries in Africa, especially South Africa.


The workshop is being organized by GEPC in collaboration with the Netherlands Centre for the Promotion of Imports from Developing Countries (CBI).


The workshop is to arm SMEs that export products to the EU with insight into the crisis and measures to be taken to have a better chance at survival and to be well positioned for the up-turn.


The Deputy Minister of Trade and Industry, John Gyetuah, who gave the keynote address, hinted that the government supported the active promotion of exports of NTEs to the ECOWAS sub-region as a way of boosting intra-African trade to offset reduction in exports to the EU market.


The government would provide the necessary support to GEPC to increase its market access activities significantly within the ECOWAS sub-region and other markets in Africa.


Ghanadot

 

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