About 60 local timber companies have collapsed in the last 10 years, leading to the loss of about 30,000 jobs.
Companies that had managed to survive the turbulence in the industry are currently producing below 50 per cent capacity.
The Chief Executive of the Ghana Timber Millers Organisation (GTMO), Dr Kwame Asamoah Adam, made this known in an interview with the Daily Graphic in Kumasi after the opening of the annual general meeting of the Forestry Senior Staff Association (FOSSA) at Akyawkrom near Ejisu in the Ashanti Region Friday.
He said the situation was self-inflicted, adding that “We have waited for far too long for the timber industry to take a nosedive and it is very unfortunate,” he said.
Dr Adam mentioned policies on value added products, illegal logging and policies on effective forest management among others as having had combined effects on the timber industry.
The situation, he said, had been compounded by high interest rates and electricity tariffs as well as high cost of fuel…
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via Ghana Business News » 30,000 jobs lost in Ghana’s timber industry in last ten years.
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