• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, October 18, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Parliament Ratifies Eleven Timber Utilisation Contracts

Prince Agyapongby Prince Agyapong
July 18, 2024
Reading Time: 4 mins read
Prince Agyapongby Prince Agyapong
in General News
0
Minority MP Criticizes Majority Caucus for Absenteeism in Parliament

Parliament of the Fourth Republic

In a significant development for Ghana’s forestry sector, Parliament has ratified eleven Timber Utilisation Contracts (TUCs) for the exploitation of timber resources.

This decision, made during the parliamentary session aligns with Article 268(1) of the Constitution and Section 9 of the Timber Resources Management Act, 1997 (Act 547).

These eleven TUCs are part of the first batch of nineteen TUCs submitted to Parliament for ratification, marking a crucial step towards Ghana’s issuance of Forest Law Enforcement, Governance and Trade (FLEGT) Licenses for timber export to the European market.

RelatedPosts

Kennedy Agyapong Urges NPP to Listen to Ghanaians for 2028 Victory

Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity

Torkornoo Challenges Removal, Demands Halt of Chief Justice Nominee Vetting

“This will make Ghana the first country in Africa, and the second in the world, after Indonesia, to issue a FLEGT License for timber and timber products.”

The Ministry for Lands and Natural Resources

The ratification of these TUCs signifies a substantial advancement in Ghana’s legal timber trade, meeting the European Union’s stringent requirements. This move completes the process for granting timber rights and underscores the government’s commitment to the legal and sustainable management of the nation’s forest resources.

By adhering to the Voluntary Partnership Agreement (VPA) with the EU, Ghana is poised to issue FLEGT Licenses, which is pivotal in combating deforestation and forest degradation. This step not only enhances environmental governance but also contributes significantly to achieving Sustainable Development Goals (SDGs).

The Minister for Lands and Natural Resources expressed gratitude to Parliament for its swift action in ratifying these TUCs.

ADVERTISEMENT

“We are confident that Parliament will expedite action on the remaining TUCs awaiting ratification. We also extend our thanks to all partners who played a role in facilitating this process,” the Ministry stated.

The Ministry for Lands and Natural Resources

The Minister for Lands and Natural Resources further emphasized the government’s dedication to transparent, sustainable management of Ghana’s natural resources.

Boosting Legal Timber Trade and Sustainability

govt tropical deforestation 0bc61b73 734x458 1

The process leading to this ratification began on March 31, 2022, when the Cabinet, during its 26th meeting, approved the conversion of 156 timber concessions and permits into TUCs as stipulated by section 19 of Act 547. This approval required the TUCs to be presented before Parliament for ratification.

According to the Ministry for Lands and Natural Resources, Act 547, which has been in effect since March 18, 1998, mandates that timber harvesting can only occur under a TUC. Before this Act, timber rights were granted through concessions, leases, and permits under the Concessions Act, 1962 (Act 124).

“The move to issue FLEGT Licenses is expected to enhance Ghana’s export potential, providing a boost to the economy while ensuring that timber extraction is done responsibly and sustainably.

“This ratification sets a precedent for other African nations, highlighting the importance of legal frameworks in natural resource management.”

The Ministry for Lands and Natural Resources

The transition to TUCs represents a major policy shift aimed at creating a competitive system for allocating timber resources.

“Under section 19 of Act 547, all timber rights existing before the Act were to remain valid for only six months, necessitating the holders to apply for TUCs within that period. However, nearly 25 years passed without these concessions and leases being converted into TUCs.”

The Ministry for Lands and Natural Resources

This development not only showcases Ghana’s progress in sustainable forestry practices but also sets a precedent for other African nations aiming to enhance their environmental governance and trade compliance. As Ghana moves forward with issuing FLEGT Licenses, it reaffirms its position as a leader in responsible resource management and international cooperation.

READ ALSO: Mastercard Foundation EdTech Conference In Abuja Ends With Key Takeaways For Delivering The Future Of Learning In Africa

Tags: ConstitutionForest Law EnforcementGovernance and TradeParliamentThe Ministry for Lands and Natural Resources
Please login to join discussion
Previous Post

Mastercard Foundation EdTech Conference In Abuja Ends With Key Takeaways For Delivering The Future Of Learning In Africa

Next Post

NPP Takes Cautious Approach To Fitch Report

Subscription Form

Related Posts

Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
General News

Kennedy Agyapong Urges NPP to Listen to Ghanaians for 2028 Victory

October 17, 2025
Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity
General News

Eduwatch Backs Govt’s Private Schools Free SHS Rollout, Demands Equity

October 17, 2025
Her Ladyship Justice Gertrude Araba Esaaba Sackey Torkornoo
General News

Torkornoo Challenges Removal, Demands Halt of Chief Justice Nominee Vetting

October 17, 2025
NPP Collapsed Every Energy Agency – Energy Ministry Spokesperson
General News

Energy Minister Submits Missing ECG Containers Report to Attorney General

October 17, 2025
IGP Strengthens Ghana-US Security Ties at FBI New York Office
General News

IGP Strengthens Ghana-US Security Ties at FBI New York Office

October 17, 2025
President John Dramani Mahama hosted Grenadian Prime Minister Dickon Amiss Thomas Mitchell
General News

Ghana, Grenada Deepen Ties with MoUs on Trade, Labor Export, and Visa Waiver

October 17, 2025
BoG Ends UBA’s FX Suspension After Satisfactory Remedial Measures
Banking

BoG Ends UBA’s FX Suspension After Satisfactory Remedial Measures

by M.COctober 18, 2025
E&P Defends $100M Azumah Mine Acquisition, Rejects Allegations
Extractives/Energy

Engineers & Planners Finalizes $100M Azumah Resources Acquisition 

by Prince AgyapongOctober 18, 2025
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week
Securities/Markets

Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

by M.COctober 18, 2025
24-Hr Economy, Big Push to increase per capita – O’Brien poised
Economy

24-Hr Economy, Big Push to increase per capita – O’Brien poised

by Michael Teye-Bio NaduteyOctober 18, 2025
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
General News

Kennedy Agyapong Urges NPP to Listen to Ghanaians for 2028 Victory

by Silas Kafui AssemOctober 17, 2025
 Heath Goldfields sets to Resume Operation in the Bogoso-Prestea Mine
Extractives/Energy

 Heath Goldfields sets to Resume Operation in the Bogoso-Prestea Mine

by Bless Banir YarayeOctober 17, 2025
BoG Ends UBA’s FX Suspension After Satisfactory Remedial Measures
E&P Defends $100M Azumah Mine Acquisition, Rejects Allegations
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week
24-Hr Economy, Big Push to increase per capita – O’Brien poised
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister
 Heath Goldfields sets to Resume Operation in the Bogoso-Prestea Mine

Recent News

BoG Ends UBA’s FX Suspension After Satisfactory Remedial Measures

BoG Ends UBA’s FX Suspension After Satisfactory Remedial Measures

October 18, 2025
E&P Defends $100M Azumah Mine Acquisition, Rejects Allegations

Engineers & Planners Finalizes $100M Azumah Resources Acquisition 

October 18, 2025
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

October 18, 2025
24-Hr Economy, Big Push to increase per capita – O’Brien poised

24-Hr Economy, Big Push to increase per capita – O’Brien poised

October 18, 2025
Kennedy Agyapong Is Ghana’s Trump, Says Former Deputy Finance Minister

Kennedy Agyapong Urges NPP to Listen to Ghanaians for 2028 Victory

October 17, 2025
 Heath Goldfields sets to Resume Operation in the Bogoso-Prestea Mine

 Heath Goldfields sets to Resume Operation in the Bogoso-Prestea Mine

October 17, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address