The country’s earnings from nontraditional exports have declined marginally by 4% to hit 2.3 billion dollars, compared to the 2.4 billion dollars in 2011.
Non-traditional goods are all other export commodities apart from the popular exports such as the cocoa beans, timber and minerals, which the country is well-known for.
Processed and semi-processed goods contributed almost 90% of the earnings whilst agriculture and handicrafts made up for the rest.
Joy News has gathered that out of the about 400 different products that were exported, cocoa paste alone grossed 533 million dollars, the highest earner.
Half of the exports went to European destinations, while the Economic Community of West African States (ECOWAS) took up 31%.
Acting Chief Executive of the Ghana Export Promotion Authority, Gideon Kwame Boye Quarcoo, attributed the drop mainly to decline in the prices of some of the products.
Among the European countries, Netherlands absorbed most of the products. It took in $403 million worth.
The Ghana Export Promotion Authority is projecting to gross $5 billion in the next three years from non-traditional exports.
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