Ghana to grow non-traditional exports to $10 billion by 2030 - President Mahama

Ghana is aiming to summation its non-traditional export net from the existent US$3.5 cardinal annually to astatine slightest US$10 bil­lion annually by 2030, President John Dramani Mahama has said.

This ambitious target, the President said, would beryllium achieved done worth addition, concern expansion, and fixing long-standing commercialized bottle­necks.

Inaugurating a 19-member Accelerated Export Development Advisory Committee (AEDAC) which helium chairs successful Accra connected Monday, President Mahama said Ghanaian exporters look large chal­lenges with astatine slightest 47 percent of them having to woody with delays, precocious costs, and excessive insubstantial works erstwhile exporting.

“An exporter whitethorn request up to 16 antithetic docu­ments conscionable to get a certificate of origin,” President Mahama revealed.

“These inefficiencies outgo Ghana US$4.3 cardinal successful export gross losses each year, according to the International Trade Center.”

With this successful mind, President Mahama an­nounced a raft of interventions authorities was to rotation retired including modernising the ports, revamping the Volta Lake Transport Company, implicit the Mpakadan and Boankra inland ports amongst others to ameliorate the situation.

The President was convinced that the supra stated measures would trim logistics costs, add­ing that Ghana’s export manufacture would beryllium hinged connected digitalisation, creativity and knowledge-based going forward.

“Our aboriginal exports volition not conscionable beryllium astir cocoa and gold. We indispensable besides merchantability our innovations to the world,” helium stressed.

He announced performance-based taxation rebates, faster certification for exporters, and grants for businesses arsenic portion of measures to promote section production.

“We privation a Ghana that earns much than it borrows. A Ghana that processes much than it exports raw,” the President emphasised.

The inaugural aims to broaden Ghana’s export base, heighten overseas speech earnings, and substance economical maturation done the implementation of the 24-Hour Economy agenda.

The committee’s mandate includes providing strategical guidance, fostering innovation, and strengthening public-private partnerships to thrust worth addition, summation non-traditional exports, and diversify export markets.

Other members of the Committee are Augus­tus Goosie Tanoh, Presidential Advisor, 24-hour system policy; Dr Cassiel Ato Forson, Minis­ter of Finance; Elizabeth Ofosu Adjare, Trade; Emelia Arthur, Fisheries; Eric Opoku, Food and Agriculture; Dominic Ayine, Attorney-General; Gen. Paul Seidu Tanye-Kulono, Anthony Kwasi Sarpong, and Gerald Nyarko Mensah.

The remainder are Dr Eben Anuwa-Armah, Dr Akushika Andoh, Kwesi Korboe, Sampson Asaki Awingobit, Davies Narh Korboe, Dr Humphrey Darkeh, Jacob Ainoo Ansah, Gabriel Opoku Asare and Prof. John Gatsi.