Tag: Ghana Export Promotion Authority (GEPA)

  • ADB MD Lauds GEPA’s Non-Traditional Export Initiative, Pledges Stronger Partnership

    ADB MD Lauds GEPA’s Non-Traditional Export Initiative, Pledges Stronger Partnership

    The Managing Director of the Agricultural Development Bank (ADB PLC), Edward Ato Sarpong has commended the Ghana Export Promotion Authority (GEPA) for the sustained efforts in advancing non-traditional exports (NTEs), pledging deeper collaboration to enhance financial intermediation and accelerate economic transformation.

    Edward Ato Sarpong made the statement after the official launch of the 2025 Non-Traditional Export Statistics Report, an event held at GEPA’s Headquarters on Friday, April 17, 2026, under the theme “Driving Economic Transformation Through Strategic Export Diversification.”

    The ceremony brought together high-level stakeholders across government, financial institutions, and the private sector, underscoring the strategic importance of export diversification in strengthening Ghana’s macroeconomic resilience. The event was attended several government officials, captains of industry, members from the diplomatic community and other development partners.

    The ADB MD praised GEPA’s consistent efforts in expanding Ghana’s export base beyond traditional commodities, indicating that such initiatives align with ADB’s development mandate. “The NTE sector has become a critical pillar of economic stability, contributing significantly to foreign exchange earnings and reducing vulnerability to external shocks,” he noted.

    This observation echoes insights captured in the solidarity messages within the report, where NTEs were highlighted as accounting for a substantial share of export earnings and driving diversification across sectors such as agriculture, manufacturing, and services.

    The ADB MD emphasized that Ghana’s progress in non-traditional exports reflects a deliberate policy shift towards value addition, industrialization, and market expansion. He further acknowledged GEPA’s role in building export capacity, facilitating market access, and promoting Ghanaian products globally. These efforts, he noted, “align strongly with the Bank’s broader agenda of fostering inclusive growth, regional integration, and sustainable industrial development across Africa.”

    Reinforcing this position, Edward Ato Sarpong pledged financial and technical support to GEPA and its partners, particularly Exporters and Importers. This includes potential collaboration in export financing, infrastructure development, and capacity-building initiatives aimed at strengthening small and medium-sized enterprises (SMEs) within the export value chain. The commitment signals a renewed partnership focused on unlocking Ghana’s export potential and positioning the country as a competitive player in global markets.

    The ADB MD expressed confidence in Ghana’s export trajectory, noting that sustained collaboration between public institutions, development partners, and the private sector would be essential in achieving long-term success.

    Edward Ato Sarpong reaffirmed the bank’s unwavering support for Ghana’s vision of building a resilient, diversified, and export-driven economy, noting that it was in line with ADB’s new corporate tagline, “Beyond Banking…” regarded as not just a tagline but a commitment to redefining banking, empowering businesses, building futures, driving prosperity, and nurturing communities.

     

     

     

     

  • Non-Traditional Export earnings record 6% growth in 2022

    Non-Traditional Export earnings record 6% growth in 2022

    Adnan Adams Mohammed

     

    Ghana’s Non-Traditional Export (NTE) earnings for the year 2022 jumped in growth by 6 percent over previous year’s performance.

     

    The Ghana Export Promotion Authority (GEPA) reported a total earnings in value amounted to US$3.53 billion in 2022, compared to US$3.33 billion in the previous year, showing a growth of US$201 million.

     

    The Authority, which oversees and promote a range of diversified products produced locally, attributed the significant growth to a combination of structural changes within Ghana’s NTE ecosystem and the effective implementation of the National Export Development Strategy (NEDS). Growth in NTEs earnings help in improving the balance of payment of the country as well as increase availability of foreign currencies.

     

    “We are delighted to report a 6% increase in Ghana’s Non-Traditional Export earnings for 2022”, Chief Executive Officer (CEO) of GEPA, Dr Afua Asabea Asare, revealed the remarkable growth during a press briefing organised by the Ministry of Information in Accra, last week. “This positive trend can be attributed to the successful implementation of the National Export Development Strategy and the strategic changes made within our NTE ecosystem,” she stated.

     

    According to the CEO, the implementation of the NEDS played a crucial role in facilitating the growth of the NTE sector.

     

    The strategy focused on enhancing market access, improving product quality and standards, promoting value addition, and exploring emerging markets.

     

    These initiatives have led to an overall strengthening of Ghana’s NTE sector and a diversification of its export offerings.

     

    Highlighting the top ten NTE products for 2022, Dr Asare mentioned cocoa paste, cashew nuts, cocoa butter, iron and steel circles, rods, sheets, billets, articles of plastics, aluminium plates, sheets and coils, canned tuna, natural rubber sheets, cocoa powder, and shea oil.

     

    Notably, cocoa paste emerged as the highest earner, contributing US$520.3 million, followed by cashew nuts with US$294.2 million. Shea oil ranked as the lowest earner with US$92.6 million.

     

    The cumulative value of the top 10 products accounted for US$2,150,085,426, representing 60.9% of the total NTE earnings in 2022. The average earning of the top 10 earners was recorded at US$215.0 million.

     

    Dr Asare further emphasised the market destinations for Ghana’s NTEs, highlighting the five distinct groups including the ECOWAS, the European Union (EU) & United Kingdom, Other Developed Countries, Rest of African Countries, and Emerging Countries.

     

    The CEO noted that the ECOWAS market remained the leading destination, accounting for 34.59% of the total market, followed closely by the EU & UK markets, contributing 31.90%.

     

    Burkina Faso emerged as the leading market destination for Ghana’s NTEs, with a consumption value of US$425.01 million, representing a 16% increase from the previous year. Togo followed with a significant 21% increase, consuming US$198.05 million in 2022 compared to US$156.88 million in 2021.

     

    The GEPA CEO expressed her optimism for the future of Ghana’s NTE sector, citing the continuous efforts to diversify products, explore new markets, and enhance competitiveness.