Ghana secured € 205,007,680.38 from the export of 362,343.033m3 volume of Timber and Wood Products from January to November,2016,depicting comparative increase of of 22.87% in value and 10.71% in Volume recorded same period in 2015 which a total of €166,849,179.78 was obtained from the export of timber and wood Products from Ghana.
According to report on export of Timber and Wood Products laid by the Forestry Commission of Ghana.
Primary Products(Poles and Billets) accrued €11,243,723.21 representing 5.48% from 34,139.513m3 of the total export of wood products in January to November 2016.
Meanwhile,the export of Secondary Wood Products such as Lumber,plywood,Veneer,Boules and kindling formed the bulk of the country’s export which generated €188,549,198.82(91.97%) from a volume of 319,590.968m3.
Tertiary wood Products (Processed L/Moulding,Dowels) contributed €5,214,758.35(2.54%) from the total export wood product volume of 8,612.552m3 from January to November,2016.
The major timber species exported during the period under review were Rosewood (25.63%),Teak(21.6%) ,Wawa(11.61),Papao/Apa(8.92%) and Ceiba(6.90%)
The main Export destination of Ghana’s Timber and Wood Products were China (40.43%) ,India (25.34%),Germany (5.05%),Vietnam (3.87%) and United State of America which imported 2.53% of the total timber and wood products Exported from Ghana in January to November,2016.
Despite this essential financial benefits from the forest sector, the rate of deforestation in Ghana is estimated to be one of the highest in the world after Togo and Nigeria .At an estimated annual destruction rate of 2% ,equivalent to 135,000 hectares per annum. The Green west Africa country is estimated to have lost over 60% of its forest cover from 1950 to date,which translates to about 2.7 million hectares of forest depleted .
According to the Ghana REDD+ strategy reviewed document Prepared by the National REDD+ Secretariat of Ghana forwarded and released by the Forestry commission of Ghana in 2017,the main drivers of deforestation and degradation in the country are farming,both legal and illegal mining ,illegal lumbering ,wildfires ,fuel wood harvesting and infrastructural development while weak law enforcement coupled with corruption,population growth and development also form part of indirect causes.