Ghana: log and sawnwood prices rise

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On the 15th July the inaugural meeting of the five-nation ECOWAS Steering Committee on the upgrading of the 1,030 km Abidjan-Lagos corridor road project met to begin work on the legal and institutional framework, the terms of reference for various studies and on finance and resource mobilisation.

The committee, comprised Ministers of Road Infrastructure, Transport, Public Works, Finance and Justice of Benin, Cote d’Ivoire, Ghana, Nigeria and Togo.

The road, which carries around 75 per cent of regional trade and impacts some 30 million people, links major cities such as Lagos, Cotonou, Accra, Lomé and Abidjan as well as the region’s dynamic sea ports. The road also serves landlocked countries such as Burkina Faso, Mali and Niger.

The committee recommended that a feasibility study be conducted prior to securing financing support from the African Development Bank, the World Bank and the African Finance Corporation.

The ministers further recommended that the BRIC countries (Brazil, India, China and South Africa) should be approached with a view to securing the required financing.

Independent power producers to solve power shortages

Ghana’s ministry of energy has released details of an agreement with General Electric (GE) for the building of additional power generation capacity in the country to alleviate the problem of power outages. In a press release the ministry says, “GE will be facilitating the development, financing and technical partnership required for the implementation of an incremental 1000MW of power in collaboration with the Government of Ghana over the next 5 years.

The agreement comes on the heels of the Government’s proposed target to generate a total of 5000 Megawatts by 2016.

The Minister for Energy and Petroleum, Honorable Emmanuel Armah-Kofi Buah, commended GE on its efforts and stated that the Government of Ghana is committed to achieving increased power outputs through strategic collaboration with private sector investors.

He noted that the government is putting in place the necessary structures and creating the enabling environment to attract the needed Independent Power Producers (IPPs) to ensure that the country had a constant supply of power for economic growth.

The “Ghana 1000MW Project” will introduce the Power Park Concept to enable lower cost of power and faster implementation.

GE plans to develop the Power Park in collaboration with partners and investors as well as develop local capabilities and service providers in plant operation and maintenance”.

Bamboo bio-energy technologies from INBAR

According to a Ghana News Agency report the International Network for Bamboo and Rattan (INBAR), is promoting bamboo charcoal technologies in Ghana which have the potential to contribute to growth in the bio-energy sector.

In a statement issued in Accra, the Country Director of INBAR, Michael Kwaku, said the China-Africa collaboration focuses mainly on bamboo to provide clean, safe and ‘green’ energy.

Boule Export prices

  Euro per m³
Black Ofram 235
Black Ofram Kiln dry 300
Niangon 512
NiangonKiln dry 580

 

Domestic Log Prices

Ghana logs
    US$ per m³
  Up to 80 cm  80cm+
Wawa 150-165 170-185
Odum Grade A 169-174 178-188
Ceiba 115-133 138-150
Chenchen 100-108 111-128
Khaya/Mahogany (Veneer Qual.) 121-125 146-155
Sapele Gradea A 146-155 161-185
Makore (Veneer Qual.) Grade A 133-138 140-166
Ofram 112-115 130-135

 

Export Sawnwood Prices

Ghana Sawnwood, FOB US$ per m³
FAS 25-100mm x 150mm up x 2.4m up Air-dried Kiln-dried
Afrormosia 855 945
Asanfina 480 544
Ceiba 231 266
Dahoma 320 368
Edinam (mixed redwood) 384 500
Emeri 353 500
African mahogany (Ivorensis) 580 675
Makore 575 658
Niangon 513 613
Odum 642 769
Sapele 567 655
Wawa 1C & Select 275 323

 

Export Rotary Veneer Prices

Rotary Veneer 2mm and up,
FOB
€ per m3
CORE (2mm & up) FACE (2mm & up)
Ceiba 292 315
Chenchen 320 358
Ogea 320 350
Essa 322 355
Ofram 320 357

 

Export Sliced Veneer Prices

Sliced Veneer, FOB € per sq. m
  Face Backing
Afrormosia 1.32 0.80
Asanfina 1.20 0.99+
Avodire 1.12 0.72
Chenchen 0.85 0.60
Mahogany 1.30 0.60
Makore 1.26 0.54
Odum 1.88 0.72

 

Export Plywood Prices

Plywood, FOB € per m3
Ceiba Ofram Asanfina
4mm
424 600 641
6mm
420 592 622
9mm
360 409 475
12mm
366 435 439
15mm
322 374 373
18mm
305 363 367

Grade AB/BB would attract a premium of 10%, B/BB 5%, C/CC 5% and CC/CC 10%.

Export Added Value Product Prices

Parquet flooring 1st FOB € per sq.m
  10x60mm 10x65-75mm 14x70mm
Apa 12.60    15.30    18.80
Odum 10.00    11.20    12.40
Hyedua 14.08    14.00    18.45
Afrormosia 14.30    18.65    18.33

Grade 2 less 5%, Grade 3 less 10%.

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