Kete-Krachi Timber Recovery signs agreement with Akwamu Gyakiti Community

Nana Mamfe Otuabeng 111, Chief of Akwamu Gyakiti, has pledged his support and that of the people of Gyakiti Community for Kete-Krachi Timber Recovery Limited – the firm with a concession for harvesting trees from the Volta Lake.

He said the operations of KKTR are unique, and that Gyakitiman is proud to host such an enterprise with economic and social benefits not only to the community but also the nation at large.

Nan Mamfe Otuabeng 111 made the assertion in a ceremony at his Palace, where Kete-Krachi Timber Recovery Limited signed a Social Responsibility Agreement (SRA) with the Gyakiti Traditional Authority and officials from the Forestry Commission and Timber Development Authority.

He expressed his appreciation to the Management and staff of the KKTR for honouring its statutory obligations, and hoped that the company will offer employment to youth of the area. He was of the view that the gesture marks the beginning of cooperation and strengthened relations between the firm and the community.

The District Deputy Forestry Manager for Somanya, Mr. Agyapong Nyantakyi who supervised the signing ceremony, explained that the SRA is a statutory obligation in line with the Timber Resource Management Licencing Regulations (Legislative Instrument 2254), Regulation 41, as contained in the 3rd Schedule of the Constitution of Ghana demanding that firms harvesting timber from any part of the country must pay 5% Stamping fees to the Traditional owners of such lands.

Hon. Nayon Bilijo, an Advisor of KKTR, said the company was originally owned by foreign investors known as Clarke Sustainable Resources Development (CSRD) but is now wholly Ghanaian-owned, and that it is the first of its kind in Africa.

He said KKTR/CSRD – in addition to removing the dead timber from under the Lake Volta and processing it for export, is also engages in clearing the trees to provide for safe transportation and navigation on the lake – adding to the transportation infrastructure of the country; and offcuts from the salvaged timber are used by the company to scientifically produce charcoal for export and local consumption.

Hon. Bilijo said KKTR, with funding support from the GCB Bank, was late last year inaugurated by the President of Ghana as 1D1F for the Asuogyaman district and has employed a number of people from its area of operation in the riverine areas.

The SRA signing ceremony was witnessed by Mrs. Grace Arthur on behalf of the Asuogyaman District Chief Executive and Madam Ophelia Boakye Mensah, a Forest Ranger of the Forestry Commission, Asuogyaman. Mr. Ali Marnah, Operations Manager of KKTR signed for his company.

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