Ghana is setting its sights high when it comes to increasing its non-traditional export earnings. President John Dramani Mahama recently announced a goal to boost the country’s current annual export earnings of US$3.5 billion to at least US$10 billion by 2030. This ambitious target will be achieved through value addition, industrial expansion, and addressing long-standing trade obstacles.
One major challenge facing Ghanaian exporters is the cumbersome process of exporting, with nearly half of them dealing with delays, high costs, and excessive paperwork. To tackle these issues and support the growth of non-traditional exports, President Mahama inaugurated the Accelerated Export Development Advisory Committee (AEDAC). The committee, which he chairs, will provide strategic guidance, foster innovation, and strengthen public-private partnerships.
The AEDAC’s mandate includes broadening Ghana’s export base, enhancing foreign exchange earnings, and fueling economic growth through the implementation of the 24-Hour Economy agenda. By driving value addition, increasing non-traditional exports, and diversifying export markets, the committee aims to position Ghana as a competitive player in the global market.
The 19-member committee includes a diverse group of individuals, such as Presidential Advisor Augustus Goosie Tanoh, Minister of Finance Dr Cassiel Ato Forson, and Minister of Trade Elizabeth Ofosu Adjare. Together, they will work towards achieving the ambitious goal of growing non-traditional exports to $10 billion annually by 2030.
As Ghana takes steps to expand its export market and boost economic growth, the country is poised to capitalize on its potential and become a key player in the global economy. Through value addition, industrial expansion, and strategic partnerships, Ghana is paving the way for a prosperous future of non-traditional
Ghanaflare.com
