"Ghana earns $1.77bn from Non-Traditional Exports under AfCFTA"

" Ghana earns $1.77bn from Non-Traditional Exports under AfCFTA \r\n\r\nGhana in 2023 earned some $1.77bn from non-traditional exports (NTEs) to various Regional Economic Communities (RECs) on the Continent under the Africa Continental Free Trade Area (AfCFTA) agreement.\r\n\r\nTrade data provided by the Ghana Export Promotion Authority (GEPA) in its 2023 NTEs report indicate that the Economic Community of West African States (ECOWAS) dominates the AfCFTA market for NTEs with a substantial share of 94.47%.\r\n\r\nThe other regional economic communities, namely Economic Community of Central African States (ECCAS), Southern African Development Community (SADC), Arab Maghreb Union (UMA), Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Intergovernmental Authority on Development (IGAD), have smaller shares, ranging from 0.05% to 2.03%\r\n\r\nThe ECOWAS market analysis reveals significant growth in trade, with Burkina Faso emerging as the top consumer, showing an increase to $508m from $425m in the previous year.\r\n\r\nCote d'Ivoire also displayed a notable rise with its consumption jumping from $150m in 2022 to $289m in 2023.\r\n\r\nOverall, the ECOWAS sub-region saw an expansion largely driven by a surge in the export of plastic articles to Burkina Faso and neighbouring countries.\r\n\r\nThis positive trend in exports under the AfCFTA underscores the region\u2019s growing demand and the effectiveness of the trade pact.\r\n\r\nGEPA's continued focus on strategic interventions, market diversification, and leveraging trade agreements such as the African Continental Free Trade Area (AfCFTA) will be crucial in sustaining the upward trajectory of Ghana's NTE growth.\r\n\r\nGhana\u2019s Non-Traditional Exports (NTEs) achieved a significant milestone in 2023, recording an 11.75% increase in earnings, reaching a total of $3.94 billion.\r\n\r\nThis remarkable growth in NTEs, as reported by the Ghana Export Promotion Authority (GEPA), represents 24% of the nation\u2019s total merchandise exports and signifies substantial progress towards Ghana\u2019s ambitious target of $25.3 billion in NTE earnings by 2029.\r\n\r\nThe rise in exports of iron and steel products was identified as the primary driver behind the expansion in NTEs earnings."

"Ghana earns $1.77bn from Non-Traditional Exports under AfCFTA"

FIFA U-20 Women’s World Cup: Black Princesses drawn in Group E with Japan, New Zealand and Austria AMP

CAF delays AFCON to early 2026, avoiding Club World Cup clashAMP

2026 FIFA WC: We have the players to beat Mali – Otto Addo AMP