Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Firefighters contain raging fire at Labadi Wireless
6 minutes -
Photos: Police engage religious leaders at National Police Headquarters
17 minutes -
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
55 minutes -
ECG announces power outages in parts of Accra West and Central regions
1 hour -
Otumfuo calls for urgent action to end maternal deaths in Ghana
1 hour -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates Â
1 hour -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
3 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours