The newly inaugurated Accelerated Export Development Committee (AEDC) is expected to drive Ghana’s non-traditional export earnings from the current $3.5 billion to an ambitious $10 billion annually by 2030, President John Dramani Mahama has stated.
President Mahama, in his remarks, said the 18-member committee forms part of efforts to expand Ghana’s foreign exchange inflows and stimulate long-term economic growth, will play a critical role in coordinating the country’s export development efforts.
Speaking at the inauguration ceremony on Monday, May 5, 2025, President Mahama said under the Accelerated Export Development Programme, the Advisory Committee, and the National Export Development Strategy, Ghana aims to grow its non-traditional exports significantly by prioritising value addition and economic diversification.
“The AEDC has been established to serve as a high-level platform for strategic coordination, policy coherence, and institutional accountability in our export development efforts. Our strategy is ambitious but deliberate.
“Ghana’s current exports remain dominated by low-complexity raw materials such as gold, cocoa, cashew, and timber, mostly in their raw state. We must change this narrative,” President Mahama said.
He expressed commitment to modernising the country’s ports to enhance trade efficiency.
“Ghana’s exporters face some of the highest logistics costs in West Africa, and our export clearance times exceed regional averages. We will therefore modernise our ports, revamp the Volta Lake Transport Company, develop the Mpakadan Port, operationalise the Bankra Inland Port, and expand the cold chain infrastructure to support our fisheries and horticultural sectors,” he added.
By: Rainbowradioonline.com/Ghana
