• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 8, 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

The Forest Plantation Development Fund Board Has Pledged To Publish Details Of Trees It has Planted Over The Years

October 12, 2020
thevaultzby thevaultz
in Agribusiness
0
The Forest Plantation Development Fund Board Has Pledged To Publish Details Of Trees It has Planted Over The Years

The Forest Plantation Development Fund Board has debunked claims that it has not been transparent in its operation, intimating that the board will soon publish details of how many trees it has helped plant over the years.

Speaking on the issue, a member of the governing board of the fund, Dr. Emmanuel Marfo, pointed out that the board has commissioned the Forest Research Institute of Ghana to collate data on the work it has done which will be made available to the general public.

“We are asking the Forest Research Institute to help us put together all the projects that we have supported and done so, we can come out with a publication of a sort so that, people will know that the fund exists and this is what we have been able to do over the years.”

However, a report published by the Environmental NGO, Nature and Development Foundation (NDF), spelt out that the timber industry was not in the know of the disbursements of funds and therefore cannot find any evidence of work done by the forest plantation developers. The Director of the NDF, Mustapha Seidu further stated that “we can’t seem to find any evidence of its work.”

RelatedPosts

Unchecked Raw Cashew Exports Threaten Jobs and Undermine 24-Hour Economy Policy – ACPG Raises Alarm

COCOBOD Launches Balanced Scorecard to Drive Performance and Revitalise Cocoa Sector

Mahama Unveils Ambitious Plan to Irrigate 2 Million Hectares Under 24-Hour Economy

Giving support to NDF’s claims, Mr. Richard Nsenkyire, Chairman of the Forest Industries Association of Ghana, also intimated that the Forest Plantation Development Fund Board has not fulfilled its mandate of planting more trees.

Contrarily, Dr. Marfo denied claims stated in the NDF report that the board had not also put out the criteria for which plantation developers can access the fund. “The process is transparent. You come here, you apply, you bring your papers. Whether you are getting a grant or a loan, whatever you ask for and whatever we can offer, we come in and offer,” he posited.

Tree Planting 1

In furtherance of proving that the claims on the Fund Board is wrong, Dr. Marfo stressed that majority of the support went to small scale farmers and not large-scale plantation developers because of lack of resources by the fund, stating that the fund have failed to put empirical data together and so, would not be able to speak concretely to the impact on the farmers. However, he noted that thousands of persons have been supported individually and have benefited in establishing their plots.

“Traditionally, we have been focusing on individual farmers. Moving forward, as we explore other avenues and bring in other timber species that are exported to the table, we will explore the option of supporting the timber industry too.”

Pledging assurance, Dr. Marfo promised that the members of the timber industry and large-scale plantation developers will soon benefit from the fund as it works to diversify its sources of revenue, explaining that the fund is hoping to tap into funds from international grants to support large scale plantation developers. “So, we want to tap into the Green Fund so we can source for money to also help… Because that is where the more money will come especially in the context of climate change and all that,” he persuaded.

Meanwhile, the Chairman of the Forest Plantation Development Board, Nana Osei Yaw Barima, has confirmed that the fund has not been supportive towards the plantation developers because, the fund has scarce resources, making an analysis that, “If the whole fund is getting less than ¢10 million the whole year, how can it make an impact? It means you can’t even assist farmers to develop 1000 hectares,” he added.

The Forest Plantation Development Fund Board has been authorized to receive levies charged on the export of unprocessed and air-dried timber. It has been mandated by an act of parliament passed in the year 2000, to use the levies to develop tree plantations.

Tags: Forest Plantation Development Fund Board
Please login to join discussion
Previous Post

Food and Drugs Authority targets 99% of regulated and wholesome goods by 2023

Next Post

However, you may still see an RTP on a roulette table and

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Russia-Ukraine Ceasefire Talks To Begin Immediately
Europe

Ukraine Seeks More Details on US Weapons Delivery U-turn

July 8, 2025
Justin Kodua Frimpong on Ablekuma North rerun
General News

NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory

July 8, 2025
Hon. Kwame Governs Agbodza, Roads, Payment
General News

Government Moves to Settle Road Debts, Begin Nsawam Work

July 8, 2025
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
Economy

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

July 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Commits to Maximising Ghana’s Natural Resources

July 8, 2025
Kuami Eugene Insists He Wrote Songs For MzVee
Entertainment

Kuami Eugene Spent Months in US Securing Deals

July 8, 2025
Russia-Ukraine Ceasefire Talks To Begin Immediately
Europe

Ukraine Seeks More Details on US Weapons Delivery U-turn

by Comfort AmpomaaJuly 8, 2025
Justin Kodua Frimpong on Ablekuma North rerun
General News

NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory

by Lilian AhedorJuly 8, 2025
Hon. Kwame Governs Agbodza, Roads, Payment
General News

Government Moves to Settle Road Debts, Begin Nsawam Work

by Silas Kafui AssemJuly 8, 2025
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
Economy

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

by Stephen M.CJuly 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Commits to Maximising Ghana’s Natural Resources

by Evans Junior OwuJuly 8, 2025
Kuami Eugene Insists He Wrote Songs For MzVee
Entertainment

Kuami Eugene Spent Months in US Securing Deals

by Esther Korantemaa OffeiJuly 8, 2025
Russia-Ukraine Ceasefire Talks To Begin Immediately
Justin Kodua Frimpong on Ablekuma North rerun
Hon. Kwame Governs Agbodza, Roads, Payment
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
President of the Republic of Ghana, HE John Dramani Mahama
Kuami Eugene Insists He Wrote Songs For MzVee
[/vc_row_inner]

Recent News

  • Ukraine Seeks More Details on US Weapons Delivery U-turn
  • NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory
  • Government Moves to Settle Road Debts, Begin Nsawam Work
  • Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
  • President Mahama Commits to Maximising Ghana’s Natural Resources
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.