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Business News of Friday, 5 June 2009

Source: Ghana Celebrities

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.

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