President John Dramani Mahama has announced plans to grow Ghana’s non-traditional export earnings from $3.5billion annually to at least $10 billion annually by 2030.
He said this will be achieved through value addition, industrial expansion, and fixing long-standing trade bottlenecks.
Speaking at the inauguration of the Accelerated Export Development Advisory Committee (AEDAC) in Accra on Monday, the president noted that Ghana’s export sector faces major challenges, with 47% of exporters struggling with delays, high costs, and excessive paperwork.
“An exporter may need up to 16 different documents just to get a certificate of origin.”
“These inefficiencies cost Ghana $4.3 billion in lost export revenue every year, according to the International Trade Center,” he said.
A Member of the committee Hon. Goosie Tanoh said the Accelerated Export Development Advisory Committee (AEDAC) and the government 24hour program is Ghana’s strategy for structural transformation.
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