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Ghana revises down export levy on lumber
¡¾2002.03.30¡¿

In a recent budget statement to parliament the Finance Minister, Mr. Yaw Osafo-Maafo revised downwards the 10% export levy on lumber to 7%. According to him, this followed intensive discussions between the government and the timber industry and experts in the forestry sub-sector.

In addition, with the exception of furniture components, all other semi-processed timber products, which did not previously attract a levy, will now attract a 3% tax. Items include rotary veneer, sliced and curl Veneer and plywood.
These changes await parliamentary approval and it is anticipated that this will be granted so that the new tax structures will be in place in April this year

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