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Home Economy

Burkina Faso is leading importer of Ghana’s Non-Traditional Exports – GEPA

Kwasi Ahimah by Kwasi Ahimah
March 7, 2022
in Economy, Burkina Faso
Reading Time: 2 mins read
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Madam Efua Asare-Asaabea - CEO of Ghana Export Promotion Authority - GEPA - Ghana News
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Burkina Faso came up top in ECOWAS and Africa as the lead importing country of Non-Traditional Exports (NTEs) from Ghana in 2020.

According to the Ghana Export Promotion Center, it maintained its position as the top importer in 2020 from 2016, 2017, 2018 and 2019.

In 2020, it imported NTEs worth $242.7m from Ghana, representing 31.68% of the total top 10 ECOWAS markets, showing a growth of 11.57% over its previous year’s contribution.

Togo ($149.8m) and Senegal ($100m) were the second and third lead importing countries of NTEs from Ghana in ECOWAS, respectively.

Ivory Coast ($67.8m), Niger ($66.7m), Mali ($50.9m), Benin ($36.5m), Nigeria ($31.2m), Guinea Bissau ($14.3m) and Guinea ($9.1m) placed 4th, 5th, 6th, 7th, 8th, 9th and 10th respectively.

Leading NTEs importing countries 2020

#CountryNon-Traditional Exports Value ($Million)
1Burkina Faso242.7
2Togo149.8
3Senegal100
4Ivory Coast67.8
5Niger66.7
6Mali50.9
7Benin36.5
8Nigeria31.2
9Guinea Bissau14.3
10Guinea9.1
Source: Ghana Export Promotion Center

Meanwhile, the average export value for the 10 top ECOWAS States in 2020 stood at $76.62 million relative to US$82.86 million in 2019.

This shows a fall of 5.70% in average exports value.

The NTEs performance along a major trading route in the ECOWAS market, Abidjan-Lagos corridor, showed a growth into Cote D’lvoire, but a combined fall of $85.29 million to Togo, Benin and Nigeria.

This enormous drop in performance, GEPA said, was due to the closure of the Nigeria-Seme border and trade-related challenges experienced by exporters and economic operators in Benin.

GhStandard PR: Do you have a corporate press release, breaking news story, obituary, missing person announcement, or any other inquiry, kindly contact GhStandard at [email protected]. Follow GhStandard on Google News

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