|
Publications
- Forestry Issues
OFFICE
OF THE ADMINISTRATOR OF STOOL LANDS & FORESTRY
COMMISSION
STUMPAGE/RENT DISBURSEMENT REPORT FOR 1ST JANUARY
2008 - 3OTH JUNE, 2008
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 prevailing disbursement
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 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 |
50% |
50% |
| OFF-RESERVE |
50% |
50% |
Thus, 50% of any shareable revenue from Forest Reserve and Off Reserve are retained by
the FC as Management fee while 50% are
disbursed to stakeholders as stated below.
[Back to top]
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 |
[Back to top]
STATUS OF FOREST PROCEEDS: SUMMARY
At the end of the half year, 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 half year January to June 2007 |
4,626,619.39
4,222,710.74
|
2,313,309.70
2,111,355.37
|
2,313,309.70
2,111,355.37
|
3.
|
Total
Less payment received
from contractors during the half year
|
8,849,330.13
4,198,069.24
|
4,424,665.07
2,099,034.62
|
4,424,665.07
2,099,034.62
|
| 4. |
Amount owed by contractors as at end of
the half year. |
4,651,260.89 |
2,325,630.45 |
2,325,630.45 |
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 the half year
[Back to top]
Payments made to beneficiaries
during the half year
During the half year payments
made to beneficiaries were:
| |
¢ |
¢ |
| 1. Forest Commission Management Fees |
|
962,859.11 |
| 2. Administrator of Stool Lands Office |
|
106,889.10 |
| 3. Stool Land amount |
240,500.48 |
|
| 4. District Assemblies |
529,101.06 |
|
| 5. Traditional Council |
192,400.38 |
|
| SUB TOTAL |
|
962,001.92 |
| GRAND TOTAL |
|
2,031,750.13 |
DISBURSEMENT ON REGIONAL BASIS
Click Here
[Back to top]
|
