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Export earnings rise to $2.54bn as Trade Ministry reports growth in industry and jobs

Dennis GyamfibyDennis Gyamfi
February 12, 2026
in News
Reading Time: 2 mins read
Export earnings rise to $2.54bn as Trade Ministry reports growth in industry and jobs

The Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, has reported strong growth in exports, industrial revitalisation and expanded support for businesses and job creation since the ruling government took office.

Presenting the Ministry’s scorecard at the Government Accountability Series in Accra on Wednesday, 21 January 2026, she said the outcomes reflect President John Dramani Mahama‘s vision to accelerate manufacturing, position agribusiness as a driver of transformation, expand exports and create sustainable employment, particularly for the youth.

Get more exclusive breaking news updates on our WhatsApp channel .

According to the Minister, Non-Traditional Export earnings reached US$2.54 billion in the first half of 2025, representing a 41.21 per cent increase compared with the same period in 2024. She attributed the growth to value addition, market diversification and targeted export support implemented under the Accelerated Export Development Programme. She also noted that Ghana recorded its first-ever road shipment of mangoes to Morocco, while exporters secured hundreds of millions of dollars in orders at major international trade fairs.

Hon. Ofosu-Adjare highlighted market access gains, including a three-year extension of the African Growth and Opportunity Act (AGOA) and ongoing negotiations with China under an Early Harvest Agreement aimed at expanding duty-free access for Ghanaian products. She added that Ghana’s participation in global platforms such as the World Expo in Japan and GITEX Dubai has strengthened investor confidence and created export opportunities.

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On industrialisation, the Minister announced the completion of strategic manufacturing policies covering textiles, pharmaceuticals, automotive components and special economic zones. She said efforts are also underway to revive defunct state-owned enterprises and establish new agro-processing facilities across the country.

She further disclosed that the Ghana EXIM Bank disbursed GHS304 million in 2025 to support trade and industrial financing. In addition, programmes such as the Apprenticeship to Entrepreneurship initiative trained more than 155,000 young people, with thousands receiving start-up kits and access to finance.

The Minister also outlined measures to promote Made-in-Ghana products, empower women in trade and agribusiness, and reform business regulations to improve the investment climate.

Looking ahead, she said the Ministry will prioritise expanding agro-processing, strengthening export competitiveness, operationalising a 24-hour business environment and supporting Ghanaian firms to fully leverage opportunities under the African Continental Free Trade Area (AfCFTA).

Tags: AGOATrade and Industry

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# Minority questions government's explanation on frozen contingency fund for flood response The Ranking Member on Parliament's Works and Housing Committee, Martin Adjei Mensah Korsah, has questioned the Finance Minister's explanation that a court order freezing Ghana's constitutional contingency fund prevented government from accessing emergency resources to respond to recent flooding in Accra. According to the Suame Member of Parliament, the explanation is surprising and appears inconsistent with earlier assurances given by government regarding its emergency response to the floods. His comments follow the presentation of the 2026 Mid-Year Budget Review by the Minister for Finance, Dr Cassiel Ato Forson, who disclosed that government's efforts to access the constitutional contingency fund had been frustrated because the account had been garnisheed under a court order. The Finance Minister described the contingency fund as Ghana's only constitutionally established emergency fund and expressed concern that its unavailability had limited government's ability to respond swiftly to disasters. Speaking on JoyNews' *The Pulse*, Mr Mensah Korsah questioned how Cabinet could have approved emergency flood interventions without being aware that the contingency fund was legally inaccessible. "That's quite a big surprise. The aftermath of the rains and the subsequent overwhelming flooding that we saw, every step that the government took, we in Parliament were made to believe, was as a result of a government emergency response born out of Cabinet deliberations," he said. He argued that if Cabinet had authorised the interventions, it was difficult to understand how ministers, particularly the Attorney-General as government's chief legal adviser, were unaware of the court order affecting the fund. "If the Cabinet of Ghana could convene and brainstorm on measures to mitigate subsequent floods and decided to assess money from the contingency fund and it never occurred to Cabinet, of which the chief legal advisor to the President, Attorney-General, is a member, and they did not know that the contingency fund had a garnishee order, then it's quite strange. Absolutely strange," he stated. Mr Mensah Korsah said the development raises concerns about coordination among government ministries and agencies responsible for disaster management. "I don't even know then how these agencies or departments or ministries of government are coordinating to work," he said, adding that the explanation suggested a lack of synergy within government. He further maintained that the Attorney-General's presence in Cabinet should have ensured ministers were fully informed about the legal status of the contingency fund before announcing emergency measures. "There is no way the Attorney-General who sits in Cabinet, chief legal advisor, wouldn't have known the state of this contingency fund. And for you to have come to the Parliament of Ghana, spoken to the whole country, outlined these measures only for us to be told that you went and you couldn't access the money. How are you working as a government?" he asked. ### GARID project The Ranking Member also rejected claims by the Finance Minister that the previous Akufo-Addo administration had mismanaged the Greater Accra Resilient and Integrated Development (GARID) Project. He described the allegations as "complete falsehoods" and accused government officials of presenting conflicting accounts in public and before Parliament. According to him, World Bank implementation reports issued in September 2024 and May 2025 did not identify any misuse of project funds by the previous administration. "At nowhere does the World Bank find any wrongdoing or misuse of money. No, you don't find it anywhere," he said. Instead, he argued that the reports pointed to delays by the Ministry of Finance in releasing funds needed for implementation of the flood mitigation project. "One would have thought that the Finance Ministry would eat a humble pie and get to fix this problem. Rather, when the World Bank report indicts them for sitting on money and not releasing funds for GARID to be completed, they rather turn their backs on propaganda," he stated. Mr Mensah Korsah also disclosed that during a recent meeting of Parliament's Works and Housing Committee involving officials from the Ministries of Finance, Works and Housing, and Sanitation, no allegations of financial impropriety concerning the GARID project were raised. He explained that discussions focused on consultant payments under the World Bank-funded programme, noting that project components cannot be altered without the lender's approval because of the strict implementation framework governing World Bank-financed projects. The debate over government's flood response has intensified following the recent floods in parts of Accra, with renewed calls for improved drainage infrastructure, timely release of project funds and stronger coordination among institutions responsible for disaster prevention and emergency response.

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