The Forestry Commission (FC), in collaboration with representatives from Traditional Authorities/Landowners, the Ministry of Lands and Natural Resources (MLNR), the Office of the Administrator of Stool Lands (OASL), and the Timber Industry, has met to review timber stumpage fees.

Following a series of meetings, discussions and deliberations, the stakeholders have successfully agreed that stumpage fees should be increased to 30% of the legally mandated fees, set to take effect on April 2, 2025.

This will gradually increase to 70% over the next two years.

The Chairman of the deliberations, Ogyeahoho Yaw Gyebi II, Omanhene of the Sefwi Anhwiaso Traditional Area and President of the National House of Chiefs, expressed his pleasure in being part of the discussions. Conveying greetings from ¡°Nananom¡± nationwide, he played a crucial role in fostering a peaceful and collaborative atmosphere, ensuring that the outcomes served both stakeholders¡¯ interests and the national good.

Source: 3news.com