• About
  • Advertisements
  • Terms of Use
  • Contact
Sunday, July 26, 2026
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

Ghana targets US$ 25.3billion revenue by 2029 under new export development strategy

by Yaa Amoakowaa Obeng
May 30, 2024
Ghana targets US$ 25.3billion revenue by 2029 under new export development strategy
SharePostSendShareSend

The Chief Executive Officer of the Ghana Export Promotion Authority (GEPA), Osafohene Dr. Afua Asabea Asare I, has highlighted the importance of export quality to global competitiveness.

She believes that the European market would be difficult to penetrate in the absence of deliberate effort, adding that the horticultural sector, with its variety of high-quality produce, is key to this drive.

“Without a conscious effort to maintain and improve quality, we have no chance in the European market,” she said.

For her, the country’s favourable climate, fertile soil, and the dedication of farmers and exporters provide the country with a unique competitive advantage as far as the country’s major horticultural export markets are concerned.

She said GEPA’s efforts, together with those of other relevant stakeholders, have contributed immensely to enhancing the growth of the export sector over the past several years and charting a clear path.

According to Dr. Asabea Asare, a revised national export development strategy has been formulated, based on which they can expect a dramatic improvement in the export sector to the tune of approximately US$ 25.3 billion by 2029.

“The goal of the national export development strategy is to generate at least US$ 25.3 billion by the year 2029; although this is not an easy feat to achieve, GEPA is poised to do what it takes for this goal to be achieved, and it is for this reason that we have been deepening our collaboration with all export sector stakeholders, both public and private,” she explained.

She disclosed that the agri-sector, among other stakeholders, contributed significantly to the country’s 11.75 percent growth in non-traditional export earnings in 2023, which accounted for 24 percent of mechanised exports.

“In 2023, Ghana recorded a non-traditional export revenue increase of about US$3.9 billion, representing an impressive growth of 11.75 percent and contributing 24 percent of total mechanised exports, and it is because of the efforts that all of you, our stakeholders, put in, especially from the agri-sector.”

She, however, attributed the growth to the emphasis on value-enhanced products (manufactured and semi-manufactured products) rather than raw materials.

The GEPA CEO reported further that the horticultural subsector in 2023 recorded US$ 495.8 million of the total export earnings compared to US$ 599.9 million in 2022, ascribing the gap to insufficient raw material supply.

She has called on all stakeholders to remain committed to efforts to address the dip in growth by enhancing exporter capacities, promoting global market competitiveness, and increasing horticultural export revenue.

Nonetheless, she admitted that there were some challenges faced by farmers and exporters in the fruits and vegetables sector, which include high production costs, a lack of agricultural inputs, and inadequate working capital.

“GEPA will continue to provide its advocacy and facilitator role by supporting the horticultural sector through strategic initiatives such as the referral of the cocoa nut sector by supplying disease-tolerant cocoa nut seedlings to farmers and supplying pineapple suckers to farmers under capacity-building programmes through the GEEPA export school, among several others,” she added.

Dr. Asabea Asare delivered these remarks on Monday, May 27, 2024, during the launch of the maiden Ghana Horticulture Expo organised by the Federation of Associations of Ghanaian Exporters (FAGE).

It was under the theme “Celebrating Ghana’s Floral Diversity, Produce Quality, Export More.”

*****
Never miss out on the news. Get your valuable breaking news and other vital content by following The Sikaman Times on WhatsApp Channel

*****

Advertisement Advertisement
Tags: FeaturedFederation of Associations of Ghanaian ExportersGhana Export Promotion AuthorityNational Export Development Strategy
Share1Tweet1SendShareSend
Previous Post

NDPC launches “Vision 2057” development framework

Next Post

Ayew family to meet over Andre’s exclusion from Black Stars’ call-up

Related Posts

Flagship policies missing from 2026 Mid-Year Budget Review
Business

Flagship policies missing from 2026 Mid-Year Budget Review

July 24, 2026
25 Ghanaians file for asylum in Canada after 2026 FIFA World Cup
General

25 Ghanaians file for asylum in Canada after 2026 FIFA World Cup

July 24, 2026
GAF clears 51km on Accra-Kumasi Expressway project, compensation payments begin in June
Business

$1.7 billion reserved for Accra-Kumasi expressway under ‘Big Push’

July 23, 2026
Women’s Development Bank receives GH¢400m initial capital, operations expected by end of 2026
Business

Women’s Development Bank receives GH¢400m initial capital, operations expected by end of 2026

July 23, 2026
50% local cocoa processing mandated under new reform agenda
Business

Gov’t proposes new cocoa pricing framework under COCOBOD reform bill

July 23, 2026
Ato Forson rejects underspending claims, says “we spend only what we have”
Business

Ato Forson rejects underspending claims, says “we spend only what we have”

July 23, 2026
Next Post
Ayew family to meet over Andre’s exclusion from Black Stars’ call-up

Ayew family to meet over Andre’s exclusion from Black Stars’ call-up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • UGBS relaunches Endowment Fund, inducts new Board of Trustees to support innovation and infrastructure

    UGBS relaunches Endowment Fund, inducts new Board of Trustees to support innovation and infrastructure

    7 shares
    Share 3 Tweet 2
  • Mahama constitutes ‘Presidential Advisory Group on the Economy’

    3 shares
    Share 1 Tweet 1
  • I’m ultimately responsible for every success and failure within my government– Akufo-Addo

    46 shares
    Share 18 Tweet 12
  • “Black Friday”: Meaning, advantages and disadvantages (Article)

    8 shares
    Share 3 Tweet 2
  • Police pick Wontumi FM/TV presenter for alleged publication of false news

    40 shares
    Share 16 Tweet 10

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Tourism & Hospitality
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2022- 2026 The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2022- 2026 The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2026
The Sikaman Times