Business
Ghana risks losing EU timber export licence – Parliament yet to ratify protocols

Beginning June 15, this year, all timber products that will be exported from Ghana to the European Union (EU) market must conform to the Forest Law Enforcement, Governance and Trade (FLEGT) licence requirement.
Although the move would make Ghana the first African country and the second in the world to meet the requirement, the opportunity risks fizzling out due to Parliament’s failure to ratify the timber rights before rising last month.
If the country fails to ratify the timber rights, all timber products leaving the country cannot enter the EU, the country’s largest market for wood and wood products.
The Chief Executive Officer (CEO) of the Forestry Commission, Dr Hugh Brown, told the Daily Graphic that apart from being on the brink of making history, that milestone would help to eliminate illegal logging and ensure the sustainable management of the country’s forest resources.
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He, however, said that for Ghana to achieve that goal, Parliament needed to ratify some timber rights as a matter of urgency.
“Every timber right is a contract that is signed between the Forestry Commission and the Ministry of Lands and Natural Resources, and ratified by Parliament. Parliament has that last step to take for us,” he said.
He said some of the timber rights had been ratified while others still needed to complete the ratification process, “and we are waiting for that due process to be completed.”
“If we meet this deadline, it would mean a lot to Ghana because we are announcing our credential as a country that respects the laws of the environment; we will be sending a signal to the international community that we are harvesting and trading timber from our forest under strict regulations; and it is a signal to whoever wants to invest in the country’s forest that Ghana plays by the books,” he said.
Again, he said meeting the June 15 deadline would send a signal to the EU market that Ghana was the first country in Africa to fulfill the FLEGT licence requirement, “and this is good reputation for us.”
Context
Also known as the timber legality licence, FLEGT licence is a document issued by timber-producing countries that have ratified a voluntary partnership agreement (VPA) with the EU.
The FLEGT confirms that shipment of timber or timber products has been legally produced in accordance with the relevant laws of the country of harvest. It also ensures that timber exported to the EU by partner countries is harvested legally, thereby promoting sustainable forest management.
While the FLEGT licence eliminates the risk of trading in illegal timber products for EU traders, its added advantage is that traders in FLEGT-licenced timber products do not need to undertake further due diligence, which can be time-consuming and costly.
For partner countries, the advantage is that FLEGT-licenced timber products are considered under the EU Timber Regulation, making it easy to access EU markets. It also ensures that partner countries adopt environmentally sound practices to source and harvest timber in a sustainable manner.
On November 6, 2024, Ghana signed an agreement with the EU, setting June 30, this year, for the commencement of FLEGT licence
The deal was unveiled at the 12th session of the Ghana-EU Joint Monitoring Review Mechanism of the VPA in Accra, marking a significant milestone in the sustainable management of the country’s timber resources.
President’s assurance
In his address to launch the Tree for Life initiative on Friday, March 21, this year, President John Dramani Mahama gave a firm assurance that the government was committed to ensuring that all was set for the country to begin exporting FLEGT-licenced timber by June 2025.
The President said the FLEGT initiative was crucial as it would ensure that only sustainably sourced timber was exported to the EU, helping to combat illegal logging and promoting sustainable forest management.
“This achievement underscores our commitment to the Paris Agreement and the Sustainable Development Goals – a commitment by countries to limit average global temperatures to below two degree Celsius. “As we approach the 2030 deadline, we must accelerate our efforts to meet climate and biodiversity targets,” he added.
Preparedness
Dr Brown said the assurance by the President was refreshing because over the years, the Forestry Commission had put in place all the technical systems for the effective rollout of the FLEGT licence.
“We have the law in place; the institutions are in place and the division that will issue the FLEGT licence has been sensitised and oriented to be able to do so.
There is a new department in the Forestry Commission that has the sole purpose of making sure that there is critical auditing of material going to the EU market.
A VPA governance consultant to the Forestry Commission, Chris Beeko, said it was nostalgic that almost 16 years after Ghana ratified the agreement, the country was just a step away from fulfilling the FLEGT licence requirements.
He said it was important for the last hurdle to be cleared by Parliament by ratifying the timber rights.
“Once a country says it is ready to trade in timber under FLEGT licence on the agreed date, the EU, which is the other partner, will inform its constituents and their authorities.
They will log that date in their system to indicate that from that date, all timber coming into their jurisdiction will be scrutinised and accepted under FLEGT licence. If that date comes, every consignment going to the EU must have a FLEGT licence,” he said.
He added that it was important for Ghana to complete the ratification of timber rights as a matter of urgency because if any consignment of timber entered the EU market after the deadline without a FLEGT licence, a different method would be used to interrogate it.
“This will put that consignment in a tight situation because it might be more difficult for entry into the system,” he said.
Source: Graphic Online
Business
NEIP and MoFA Partner to Boost Poultry Agribusiness Under Adwumawura Programme

The National Entrepreneurship and Innovation Programme (NEIP) has signed a Memorandum of Understanding (MoU) with the Ministry of Food and Agriculture (MoFA) to scale up support for agricultural entrepreneurs through the Adwumawura Programme.
The partnership seeks to strengthen Ghana’s agribusiness sector by combining MoFA’s technical expertise with NEIP’s entrepreneurship training initiatives.
As part of the agreement, MoFA will provide high-quality poultry feed and deliver technical and field support to programme beneficiaries. NEIP, on the other hand, will equip entrepreneurs with practical business training and essential resources, including hen coops, to help them establish and expand their poultry ventures.
At the signing ceremony, officials from both institutions emphasized that the collaboration is tailored to empower small-scale poultry farmers, especially “nkoko nketenkete” entrepreneurs, to create jobs, grow agribusinesses, and contribute to sustainable economic development.
The initiative falls under NEIP’s broader Reset Agenda, which is focused on driving innovation, supporting small enterprises, and positioning agriculture as a central pillar of Ghana’s economic transformation.
Business
Commercial Transport Operators Threaten Strike Over Soaring Spare Parts Prices

Commercial Transport Operators have issued a stern warning to government, demanding immediate action to reduce the high cost of spare parts or risk facing major disruptions in the transport sector.
In a statement dated September 9, 2025, the operators said they felt “compelled” to call on the Ministry of Transport, Ministry of Trade and Industry, Ministry of Finance, and the Parliamentary Select Committees on Trade, Industry, and Transport to swiftly intervene.
They recalled that in March 2025, during engagements with spare parts dealers and government officials, a promise was made to bring down spare parts prices, but nothing had been done since.
“Unfortunately, this promise has not been fulfilled, and the prices remain exorbitant,” the operators lamented.
The statement further warned: “If immediate action is not taken, we fear that the situation will escalate, and we may be forced to take drastic measures that could disrupt transportation services. We cannot continue to operate under these unsustainable conditions.”
They urged the relevant ministries and parliamentary committees to ensure that spare parts dealers adhere to their commitments, stressing that the survival of the transport industry—and by extension, the economy—depends on swift action.
“Failure to address this pressing issue will have severe consequences for our industry and the economy as a whole,” the statement concluded.
Business
GoldBod Unveils Bold Reforms to Transform Ghana’s Mining Sector

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Mr. Sammy Gyamfi, has announced sweeping reforms and strategic initiatives to position Ghana’s mining sector as a globally competitive and sustainable industry.
Speaking at the maiden edition of the Mining and Minerals Convention at the Kempinski Gold Coast Hotel, Mr. Gyamfi said the GoldBod was driving a paradigm shift from raw mineral extraction to value retention, with the goal of maximising national benefit from Ghana’s mineral wealth.
Between January and August 2025, small-scale gold exports facilitated by GoldBod reached a record 66.7 tonnes valued at $6 billion, surpassing the entire 2024 figure of 63 tonnes worth $4.6 billion. For the first time, small-scale gold exports outperformed large-scale mining exports over the same period.
Key reforms announced include:
Aggressive licensing reforms to promote responsible sourcing.
Scrapping of the 1.5% withholding tax on unprocessed small-scale gold.
Introduction of a nationwide traceability system to ensure transparency and compliance.
Partnerships requiring large-scale miners to supply 20% of their output to the Bank of Ghana for reserve accumulation.
To combat illegal mining, the GoldBod has pledged ₵5 million and five Toyota Hilux pickups to enforcement agencies, alongside a program to reclaim 1,000 hectares of degraded forest reserves beginning November 2025.
On value addition, Mr. Gyamfi announced plans for a state-owned gold refinery and an ISO-certified Assay Laboratory at Kotoka International Airport. Discussions are also underway to establish a “Gold Village” as a continental hub for jewellery production.
Calling for stronger investment, he urged local banks, pension funds, and financiers to channel resources into mining, stressing Africa’s need to transition from raw exports to beneficiation, from middlemen to tech-driven trade, and from youth as labourers to youth as innovators and owners.
“Ghana is resetting and Africa is rising. The GoldBod is ready. All we need now is courage and capital. Let us fund the minerals and mining sector differently. Let us transform it together,” Mr. Gyamfi concluded.
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