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Ghana trade Minister worried over low intra-Africa trade

Staff writer ▼ | August 22, 2015
The deputy Minister of Trade and Industry Mohammed Murtala has expressed worry at the export volumes within the African sub-region.
Ghana street market
Africa   "We need to explore more into the African market"
Intra-Africa trade amongst Ghana and other African countries stands at a low 12 percent, which according to the minister calls for a concerted action to improve exports to other African countries.

“We need to explore more into the African market. Export is less than 12 percent and that is not good enough.

“We have huge deposit of salt in Ghana; it would make economic sense for Nigeria to import salt from Ghana, that’s an over-150million market size,” he said.

Statistics from the Ghana Export Promotion Authority (GEPA) indicate that 34% of the country’s Non-Traditional Exports end up in the EU market, 10% in other developed countries, and about 32% for the Economic Community of West African States (ECOWAS) market.

Ghana made US$2.2billion from non-traditional exports for the first eight months of last year to overtake cocoa as Ghana’s third-highest export earner.