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
Sachet Water Packaging Manufacturers Seek Government Relief Amid Rising Costs
Manufacturers of sachet water packaging materials have called on the government to provide urgent support to sustain the industry, after deciding to maintain current prices despite escalating production costs.
The appeal was made by President of the Ghana Plastic Manufacturers’ Association, Ebbo Botwe, during a press conference held in Accra on Wednesday, April 8, 2026.
Mr. Botwe disclosed that producers had initially considered increasing prices due to the rising cost of polymers used in manufacturing sachet packaging. However, the association resolved to hold prices steady in recognition of sachet water as an essential commodity relied upon by millions of Ghanaians.
“We are incurring losses by maintaining the old prices, but given that sachet water is a basic necessity for over 33 million Ghanaians, we have chosen to absorb the shock in the national interest,” he stated.
He added that the decision to maintain current prices would remain in effect for at least one to two months, despite mounting financial pressure on manufacturers.
Mr. Botwe expressed hope that the Minister for Trade, Agribusiness and Industry would relay the industry’s concerns to the President, with a view to securing relief measures to cushion producers.
The association further indicated that the move is expected to ease pressure on sachet water producers and help stabilise prices for consumers in the short term.
Business
MTN Ghana Executives Awarded Shares Worth Millions Under Performance Incentive Scheme
The Chief Executive Officer of MTN Ghana, Stephen Blewett, has been awarded 21,382 shares in MTN Group valued at approximately R4.12 million (US$252,000), under the company’s Performance Share Plan 2010.
In the same scheme, Chief Financial Officer Antoinette Kwofie received 13,660 shares worth about R2.63 million (US$160,000). Both executives serve as directors of Scancom Ghana PLC, the operator of MTN’s business in Ghana.
According to a group announcement issued on April 7, 2026, the share awards were transacted on March 31, 2026, at a market price of R192.50 per share. The incentives are subject to performance conditions and will vest over a three-year period.
Also benefiting locally, Sugentharen Perumal, a director of Scancom Ghana PLC, received 35,436 shares valued at approximately R6.82 million (US$415,000).
Broader Group Awards
Across the wider group, senior executives received significantly larger allocations under the same long-term incentive scheme.
MTN Group President and CEO Ralph Mupita was awarded 207,633 shares valued at about R39.97 million (US$2.43 million), the largest allocation disclosed. Group Chief Financial Officer Tsholofelo Molefe received 111,931 shares worth approximately R21.55 million (US$1.31 million).
Senior Vice President for Markets, Ebenezer Asante, was granted 120,880 shares valued at R23.27 million (US$1.42 million).
Other beneficiaries include Ferdinand Moolman, who received shares worth R20.13 million, as well as Paul Norman and Yolanda Cuba, whose allocations were valued at R10.84 million and R12.07 million respectively.
Vesting Terms and Compliance
MTN indicated that all recipients have met the company’s Minimum Shareholding Requirements. The awards, classified as off-market share allocations, will vest on December 10, 2028—an accelerated timeline aligned with the original grant date of December 10, 2025.
The company noted that all beneficiaries hold direct beneficial interests in the shares.
The announcement was published via the Johannesburg Stock Exchange News Service, with Tamela Holdings Proprietary Limited serving as lead sponsor and J.P. Morgan Equities Proprietary Limited acting as joint sponsor.
Business
Mahama Upholds Competence Over Politics in Ghana’s “Big Push” Road Programme
Kwahu, April 4, 2026 – President John Dramani Mahama has affirmed that political affiliation will not influence contract awards under his government’s flagship road rehabilitation initiative, the “Big Push.”
Speaking at the Kwahu Easter Business Forum at the Kwahu Convention Centre, the President said he resisted pressure from within his own National Democratic Congress (NDC) support base to exclude contractors perceived to be aligned with the opposition New Patriotic Party (NPP).
“Don’t they have the capacity to do the job?” President Mahama asked, emphasizing that technical and financial competence—not political loyalty—remains the overriding criterion for project awards.
He added: “They have the equipment. They employ Ghanaians. Anybody who has the capacity to move the project should be given it. For me, it is not about who does the project. The credit is that at the end of my term of office, I was able to repair all those roads.”
The President described the Big Push initiative as a major national road rehabilitation programme expected to cover more than 2,000 kilometres of roads across Ghana. He warned that the politicisation of business has historically hampered private sector growth, particularly during government transitions.
“Many companies start and because Ghana is a democratic country, potentially every eight years there is a changeover in government. Often, if a business is seen to be associated with one party or another, victimisation begins,” he said.
President Mahama also advised entrepreneurs against building businesses solely around government contracts, noting that such models leave firms vulnerable to political shifts.
The issue of political neutrality in business was echoed by Minority Leader Alexander Afenyo-Markin, through remarks delivered by MP Jerry Ahmed Shaib, who warned that politicising local enterprises undermines competitiveness, stifles innovation, and benefits foreign firms at the expense of indigenous businesses.
Now in its third edition, the Kwahu Easter Business Forum was established by President Mahama and Chief of Staff Julius Debrah to foster dialogue on private sector growth and investment, bringing together entrepreneurs, bankers, heads of state-owned enterprises, and senior officials to strategize on expanding Ghana’s business landscape.
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