Non-Traditional Exports earnings up to $2.522 billion in 2015

Accra, Sept. 1, GNA – Export of
Non-Traditional products (NTEs) from January to December 2015 amounted to
$2.522 billion, representing a slight increase of 0.32 per cent over the $2.514
billion recorded in 2014.

Mr James Tiigah, the Chief Executive Officer
of Ghana Exports Promotion Authority (GEPA), told participants at the launch of
the 2015 NTEs Performance Results that the marginal increase was mainly due to
the increase in agricultural products export, particularly cashew products.

He said earnings from three main sub-sectors:
agriculture, processed and semi-processed products as well as handicrafts
contributed to the growth.

Export earnings from the agricultural
sub-sector, which includes export of cashew nuts, shea nuts and medicinal
plants and parts, grew by 16 per cent to $396.91 million in 2015 from $340.68
million in 2014, contributing to 15.74 per cent to total NTE earnings.

During the period, earnings from the processed
and semi-processed sub-sector saw a marginal drop to $2.120 billion compared to
$2.169 billion in 2014.

Mr Tiigah said the 2.27 per cent fall in the
performance in the processed and semi-processed sub-sector was because of a
decline in the performance of some key products such as cocoa paste, natural
rubber sheets and aluminium plates, sheets and coils.

The sub-sector contributed 84.09 per cent to
total NTEs as compared to 86.31 per cent in 2014.

Cocoa paste, canned tuna, articles of
plastics, cocoa powder and shea oil are among the top 10 leading products which
influenced the performance of the sub-sector in the period under review.

The Handicrafts sub-sector saw a 23.05 per
cent jump in proceeds to $4.27 million compared to $3.47 million, bringing its
contribution to total NTEs to 0.17 per cent.

Among the 10 leading handicraft products were
Batik/Tye and Dye, basket ware, hides and skins, beads and painting and
drawings.

Mr Tiigah said the non-traditional products
were exported to 137 countries with the European Union accounting for 35.84 per
cent of the exports.

The ECOWAS Region had 31.59 per cent share of
the exports with the rest shared between other countries including Vietnam,
India, Turkey, Malaysia, China, and the United Arab Emirates 21.43 per cent.

Other African countries; Sudan, South Africa,
Egypt among others 3.62 per cent and other developed countries, include United
States, Switzerland, and Japan, 7.52 per cent.

The 10 leading NTE markets in Europe include
the Netherlands, United Kingdom and France while Togo is the highest ranked
destination for NTEs in the ECOWAS Sub-Region.

Mr Tiigah said GEPA would intensify efforts to
tap into the growth potentials in non-traditional exports to the West African
Sub-region.

On the National Export Strategy, he said
programmes had been undertaken to ensure the implementation of the strategy.

Mr Tiigah called on stakeholders including
government agencies and the private sector to increase the level of their
collaboration to ensure an even better story next year.

Mr Kobina Ade-Coker, the Chairman of the
Governing Council GEPA, expressed the hope that the NTE sector would, in the
next few years, contribute at least 30 per cent to the overall export revenue
basket of Ghana from the present 19 per cent.

He lauded the contributions of the exporters
and stakeholders who had supported and sustained interest in the sector.

GNA

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