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

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...