Skip to main content

Ceramic products top NTEs sub-sector

 


Last year, the industrial art and craft sub-sector contributed to over US$ 45 million (1.36 per cent) to Ghana’s non-traditional exports (NTEs) earning, a report on ‘Analysis of Non-Traditional Export Statistics’ has revealed.

The figure shows an increase of 47.56 per cent from US$30,630,023 in 2020.

The report, which was launched in Accra by the Ghana Export Promotion Authority (GEPA), said ceramic products were the top earner, earning US$ 40.6 million within the sub-sector with a contribution of about 90 per cent.

The lowest earner in this category was handicraft items which earned US$98,130. The total value of the top 10 earners of this sub-sector amounted to US$45,117,459, representing 99.82 per cent of the total industrial art and craft products.

The top 10 earners were ceramic products, basket ware, mats, hides and skins, paintings, drawings, beads, traditional musical instruments, bamboo/ cane furniture, statuettes and handicraft items.


Growing handicrafts

The Chief Executive Officer (CEO) of GEPA, Dr. Afua Asabea Asare, said during the launch of the report that the opening of the refurbished Aburi Crafts Village in the Eastern Region in January this year was part of efforts to make Ghana a leading exporter of art and craft in the West Africa sub-region.

Consequently, she said the facility had been modelled into a multi-purpose centre for locally produced handicrafts and venue for international art shows and had been partitioned to reflect the various aspects of Ghanaian homes; visitors will now find furniture, accessories and décor pieces for the living area, bedroom, dining area, kitchen and hall utility spaces.

It has a modern showroom and exhibition centre to display the beautiful handicrafts. The multi-purpose facility will function as a market centre for locally produced handicrafts and a venue for international art shows,” she said.

Dr Asare said the items found on display within the facility had been skillfully produced by craftsmen and women some of whom have shops in the village and some from other associations beyond Aburi.


Market destinations

The NTE sector is categorised into three main sub-sectors: agriculture, processed/semi-processed, and industrial art and craft sub-sectors.

Earnings for the sector in 2021 amounted to US$3.3 billion, reflecting an increase of about 17 per cent over 2020 earnings of US$ 2.84 billion.

The Netherlands was the lead market destination for NTEs, absorbing US$423.96 million worth in 2021.

The three ECOWAS countries on the list -- Burkina Faso, Togo and Senegal -- were second, fourth and ninth respectively, in the top 10 market destinations.

Burkina Faso came up as the lead destination in ECOWAS and Africa for NTEs. It maintained its position as the top destination in 2021 from 2016, 2017, 2018,2019 and 2020. Togo and Senegal were the second and third lead destinations in ECOWAS, respectively.

Burkina Faso represented 34.75 per cent of total top 10 ECOWAS markets, showing a growth of 51.17 per cent over its previous year’s contribution.

Sierra Leone was the 10th and grew by 35.5 per cent over 2020 performance. Average export value by the 10 top ECOWAS States in 2021 stood at US$105.59 million relative to US$76.62 million in 2020. This shows a growth of 37.81 per cent growth in average value of the top 10 ECOWAS States.

NTE performance along the Abidjan-Lagos Corridor showed growth in NTE earning from Cote d’Ivoire, Togo and Nigeria. Earnings from Benin, however, showed a fall due to the imposition of full import duties on ETLS -- approved products that ought to have attracted zero-rated duties as stipulated by ECOWAS Protocols.

 

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of