The Ghana Export Promotion Authority (GEPA), has said the country has become the world’s largest exporter of yam after raking in $48 million in 2021 and controlling 24% of the $200 million global market.
According to mobile.ghanaweb.com, 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.
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“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
