Ghana's timber exports weaken

Ghana’s wood product export trade weakened during the first quarter, according to the latest market report from the International Tropical Timber Organisation.

Exports were worth €30m from a volume of 93,424m³, which represented a contraction of 34.7% and 31.4% respectively.

The only product sector to benefit was air-dried lumber, which experienced a 44.7% rise by volume and 3.6% increase in value during the quarter.

Europe imported €12.17m (40.4%) of Ghana’s wood product exports by value and 29,815m³ by volume.