BusinessHot Issues

Ghana Export Promotion Authority targets $3.1billion from non-traditional exports

Ghana Export Promotion Authority (GEPA) says it is targeting US$3.1 billion in earnings from the export of non-traditional products in 2014 in line with the National Export Strategy.
The target represents a 30 per cent increase in earnings compared with the US$2.436 billion raked in for 2013.
The US$2.436 billion in 2013 is an increase of 3.05 per cent over the previous year’s earnings of US$2.364 billion.
In August 2013, the government launched the National Export Strategy, aimed at raising the level of export proceeds from the non-traditional exports to US$5 billion by the year 2017.
Mr Gideon Quarcoo, Acting Chief Executive Officer of GEPA, told the 75th National Exporters Forum that to achieve the 2014 target, as well as the achievement of the US$5billion in 2017, there must be an aggressive implementation of GEPA activities and programmes.
There must also be the execution of the various projects lined-up in the National Export Strategy by GEPA in collaboration with other key export stakeholders.
He added that the Government must work towards the realisation of good macro-economic conditions such as the stabilisation of the currency, reduction in inflation, and making funds available to the sector.
Mr Quarcoo said the Export Trade, Agricultural and Industrial Development Fund must also continue with its expansion of credit facilities to exporters and export facilitating institutions to help them carry out their activities to help increase the earnings of the sector.

Related Articles

Back to top button