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Publications
- Forestry Issues
OFFICE
OF THE ADMINISTRATOR OF STOOL LANDS & FORESTRY
COMMISSION
STUMPAGE/RENT DISBURSEMENT REPORT FOR 1ST JANUARY
2003 - 3OTH JUNE, 2003
INTRODUCTION
The
office of Administrator of Stool Lands (OASL)
and
Forestry Commission (FC) are responsible for the
management of the Forest proceeds on behalf of
stool
landowners. While the FC manages the Forest and
collects revenue by way of stumpage the OASL ensures
that the stool landowners are fairly treated in
the context of the disbursement of any stumpage
in accordance with
the prevailing laws.
To
enhance transparency in the disbursement of any
forest proceeds,
the OASL and FC have jointly agreed in a memorandum
of understanding to publish this quarterly report.
FEES
FOR THE MANAGEMENT OF FOREST RESERVES
For
the management of the Forest on behalf of the Government
and the Stool Landowners, the Forestry Commission
is authorised to retain some percentage of the
stumpage as fees.
Such
fees are applied to finance staff remuneration,
administration operational (services) and investment
(capital) expenses. Currently, the following rates
are applicable.
| TYPE OF FOREST |
FC'S SHARE |
STOOL LAND OWNERS AND OTHERS |
| ON-RESERVE |
60% |
40% |
| OFF-RESERVE |
60% & 40% |
40% & 60% |
Thus, 60% of any shareable revenue from Forest
Reserve is retained by FC as Management fee whilst
40% is disbursed to stakeholders. Up to the
first quarter of 2003, the FC retained 60% of shareable
revenue from Off-reserve, and 40% is disbursed
to stakeholders. From the second quarter of
2003 the sharing ratio was changed to 60% for stakeholders
whilst 40% shall be retained by FC as Management
fee as stated below.
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BASIS OF DISBURSEMENT
Section 267 (Sub section 6) of the 1992 constitution of the Republic of Ghana provides that the net Revenue
accruing from Stumpage/Rent after providing for
FC's management fees and 10% for the OASL which
shall be deemed as 100% for the understated stakeholders
shall be distributed as follows:
| 25% to Stool |
| 55% to District Assembly |
| 20% to Traditional Council |
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STATUS OF FOREST PROCEEDS: SUMMARY
As at the end of the quarter, the tables below
depict the status of forest revenue:
Status of Contractors Indebtedness
| |
|
TOTAL
|
FC'S MGT. FEES
|
STOOL LAND OWNERS AND
OTHER SHARE
|
1.
2.
|
Balance of Timber
contractors indebtedness (not in dispute)
Add invoices issued
to contractors
during the quarter |
17,940,074,604
28,319,487,914
|
10,764,044,763
14,159,743,957
|
7,176,029,841
14,159,743,957
|
3. |
Total
Less payment received
from contractors during the quarter |
46,259,562,518
22,160,793,915
|
24,923,788,720
11,080,396,958
|
21,335,773,798
11,080,396,957
|
| 4. |
Amount owed by contractors
as at end of quarter. |
24,098,768,603
|
13,843,391,762
|
10,255,376,841
|
Status of payment due stool landowners etc.
1. Share of amount owed by contractors
2. Add share of amount collected by FC but not
disbursed to stool landowners
3. Total amount due the stool land owners as at
end of quarter
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Payments made to beneficiaries
during quarter
During the quarter payments made
to beneficiaries were:
| |
¢ |
¢ |
| 1. Forest Commission Management Fees |
|
5,296,927,943.20 |
| 2. Administrator of Stool Lands Office |
|
477,914,058.98 |
| 3. Stool Land amount |
1,110,436,769.30 |
|
| 4. District Assemblies |
2,325,890,616.09 |
|
| 5. Traditional Council |
864,899,145.50 |
|
| SUB TOTAL |
|
4,301,226,530.89 |
| GRAND TOTAL |
|
10,076,068,533.07 |
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