Skip to main content

Ghana earns €119.32 m from wood export in 2013



By: Fred Yaw Sarpong

Ghana earned €119,327,780 from a total volume 271,772 cubic meters for the year 2013 indicating respective percentage increase of 19.51% and 8.17% from the 2012 value of €99,849,984 from 251,250 cubic meters, this according to statistics from the Timber Division of Forestry Commission (FC) of Ghana.
However, in December 2013 alone Ghana earned €10,997,758 from the export of 26,120 cubic meters of wood products. The figures indicate increased of 24.46% by value and 29.53% by volume compared to the wood products export figures recorded in the previous month November 2013.
Primary products (Poles and billets) accounted for €2,359,501 (1.98%) from a volume of 9,097 cubic meters (3.34%) of the total wood products for the period between January and December 2013.
Secondary Wood Products (mainly lumber, Boules,Veneers and Plywood) continue to dominate wood exports, constituting 91.59% in volume and 91.34% in value for the period from January to December, 2013. Secondary Products amounted for 248,913 cubic meters valued at €109,115,101.
Tertiary Wood Products (made up of mainly processed Lumber/Mouldings, Flooring, Dowels and Profile Boards) on the other hand, accounted for 13,762 cubic meters (5.06%) valued at €7,853,178 (6.58%) of the total wood products exports from January to December 2013.
On trade, Europe accounted for €47.89 million (40.14%) from a volume of 84,210 cubic meters (30.98%) to be the major destination (in value terms) for Ghana’s wood products from January to December 2013. Key European markets included Germany, Italy, France, UK and Belgium.
The Asia/Far East countries of China, India, Thailand, Russia and Vietnam accounted for 107,020 cubic meters (39.38%) valued at €46.91 million (39.31%) during the twelve month period of 2013. Exports to the region were mostly Teak and Gmelina Poles/Billets as well as recent surge in Rosewood lumber.
Africa imported wood products (mainly Plywood and lumber Air Dried) amounting to €28.09 million (23.54%) from a volume of 81,470 cubic meters (29.98%). Major Africa destinations included South Africa, Morocco, Cape Verde and the ECOWAS countries.
Exports to the ECOWAS sub-region accounted for 65,539 cubic meters (80.44%) valued at €20.43 million (72.73%)) of the total African wood imports from Ghana during the period of January to December 2013.
ECOWAS wood imports comprised mainly overland export of Plywood and lumber.

Comments

Post a Comment

Popular posts from this blog

Vodafone sells 45% shares in Verizon for US$130 billion

Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history. The US$130 billion (£84bn) deal was announced by Vodafone after the close of trading on the London Stock Exchange. The company will return £54 billion to its shareholders, of which £22 billionn will go to shareholders in the UK. Vodafone will also invest money in its business, with funds earmarked for high speed mobile phone networks. It said that by 2017 its main five European markets would have almost complete 4G coverage. Possibly it would be wrong to carp and wring hands that Vodafone won't be paying a penny of tax to the British taxman” Vodafone group chairman Gerard Kleisterlee said: "The transaction will position Vodafone strongly to pursue our leadership strategy in mobile and unified communication services for consumers and enterprises, both in our developed markets and across our emerging markets businesses." The...
Post a Comment
Read more

Shortage of weighing cards hit major hospitals in Accra

By: Fred Yaw Sarpong- Daily Express There is scarcity of Child Health Records Book (weighing cards), in some major public hospitals in the capital, information reaching the Daily Express indicates. Checks by this paper revealed that while some of the hospitals have being encountering the shortage for about a year now, others started experiencing it six months ago. In place of the Child Health Record Book (weighing card), the nursing mothers are given a single card on which information of children are recorded on it. Those hospitals identified are the Korle Bu Teaching Hospital, Korle Bu Polyclinic, Kaneshie Polyclinic, Adabraka Polyclinic and the Ridge Hospital. At the Korle Bu Teaching Hospital, the nursing mothers are given yellow cards in place of the weighing cards. The Public Relations Secretariat at the Korle Bu Teaching Hospital said such information has not come to their notice and for that matter they cannot comment on it. “We do not have some ...
Post a Comment
Read more

ABL launches chibuku super in Bolgatanga

By: Fred Yaw Sarpong sarpong007@gmail.com Accra Brewery Limited (ABL) has officially launched the Chibuku Super drink at Bolgatanga in the Upper East region with the aim of reaching a lot of customers. Mr. Thomas Nii Ponku, Supervisor in charge of Chibuku Super at ABL told Daily Express that the management decided to launch the Chibuku Super drink in the Upper East region because they’ve realized it is similar to a traditional drink in the region. “Chibuku is like a well developed pito, a traditional drink made from fermented millet or sorghum in the Northern part of Ghana. So the idea is to provide them with similar drink,” he added. Mr. Nii Ponku disclosed this when members of the Institute of Finance and Economic Journalists (IFEJ) toured the facility of ABL to acquaint themselves with the expansion project at the factory. He mentioned that after a feasibility study, they realized there is a potential market for the product in the northern part of Ghana ...
Post a Comment
Read more