The country’s earnings from non-traditional exports witnessed some marginal increase last year.
It went up by 10 per cent to hit $2.8 billion ending 2018. The increase can largely be attributed to the rise in demand for cashew nuts by European Countries and Vietnam.
Launching the exports statistics report, Chief Executive of the Ghana Export Promotion Authority (GEPA), Afua Asabea Asare believes the new export strategy could improve the numbers going forward.
In 2018, the Non Traditional export contributed about 19 per cent to the national exports earnings for the country, Madam Asabea Asare explains that this growth means a lot to the sector.
She said, "It means a lot to us and more for Ghana because when exports go up, it's going to help our economy and shore up our currency. We will not have to be shaken about depreciation if such earnings will be injected into the economy as a result of export. It is no mean achievement that we have gone up by 10 per cent because a lot of work has been put into the growth we have today."
Despite the growth, there was a decline in processed cocoa, Tuna fish and pineapple. However, she assured that measures are put in place to revamp their growth.
"In the case of pineapple, we are working with the farmers to distribute some pineapple suckers to them. We hope to give about 13 million of pineapple suckers to some of the farmers by December,” she added.
The data by the Export Promotion Authority also shows that the European Union is the largest receiver of export from Ghana with a value of more than $1 billion for the year; with The Netherlands leading on the country basis followed by Burkina Faso, India and France respectively.
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