Ghana’s non-traditional exports (NTEs) totaled $3.83 billion in 2024, according to the latest Ghana Export Promotion Authority (GEPA) report. This marks a 2.87% drop from the $3.94 billion recorded in 2023 and is the first decline in four years.
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The fall mainly stemmed from reduced exports of iron and steel, which faced rising production and logistics costs. Despite this, other sectors performed strongly and helped offset the loss.
Cocoa paste led all non-traditional exports. It rose by 35.5% in value compared to 2023. Cocoa butter and shea oil also saw significant growth. These gains show Ghana’s growing edge in processed cocoa and natural skincare products.
Processed and semi-processed goods made up 83.4% of total NTE earnings. This highlights Ghana’s shift from raw materials to value-added manufacturing.
In 2024, Ghana exported 609 non-traditional products to 152 countries. A total of 1,543 companies were involved. However, only 86 firms accounted for nearly 80% of all export revenue.
GEPA credits the sector’s resilience to several factors. These include infrastructure upgrades, exporter training, and market promotion. Programs like the National Export Development Strategy (NEDS) and Ghana Trade Houses are expected to boost results in 2025.
“Ghana is making progress in adding value to exports,” said GEPA CEO Francis Kojo Kwarteng Arthur. “Cocoa paste topping the list is proof that industrialization is taking root.”
Looking ahead, GEPA aims to deepen trade under AfCFTA. It also plans to grow markets in Africa, Europe, and North America. Support for SMEs and improved market access will remain a priority.
