The Ghana Export Promotion Authority (GEPA) stated on June 24, 2022 that Ghana was now the top exporter of yam in the world.
This came after the nation’s exports brought in $48 million in 2021.
According to GEPA’s yam industry study, the top yam exporters globally are Ghana, Jamaica, the United States of America, Japan, and China.
Read the whole article, which was first published on June 24, 2022, on www.ghanaweb.com.
After earning $48 million in yam exports last year, Ghana’s export promotion agency, GEPA, said that Ghana is now the world’s top yam exporter.
Asaaseradio.com reports that Ghana now owns 24% of the $200 million international export market.
This has led to the growth of the country’s export value from $38.5 million in 2018 to $48.2 million in 2021.
GEPA, in its yam industry report, noted that the leading global exporters of yam were Ghana, Jamaica, the United States of America, Japan, and China.
“The USA alone imported US$87 million worth of yam from the world in 2021. Among its top suppliers were: Jamaica, 37.4%; Ghana, 21.9%; Costa Rica, 10.8 percent; Colombia, 8.7%; and Brazil, 8.2%,” GEPA said.
“The United States of America’s imports of yam from Ghana represent 39.6% of the total global value of yam exported by Ghana,” it added.
The global yam market is projected to register a compound annual growth rate of 3.5% between 2020 and 2025, Mordor Intelligence, a market research firm is quoted to have said by Asaaseradio.com