The government appears to be considering financing the restart of the collapsed Ayum Forest Products Company in the newly-created Ahafo Region.
The Ghana President, Nana Addo Dankwa Akufo-Addo, who announced this, said the Ministry of Trade and Industry had finalised plans to ensure that the plywood division of the company could start commercial production by the second quarter of 2019.
Ayum Forest Products was once among the leading exporters of kiln dried sawnwood and plywood in Ghana but the company collapsed amid allegations of illegal logging in the Ayum forest reserve, the major source of raw materials for the company.
The Ahafo Region is a newly created Region in Ghana with Goose as its capital. The region has an administrative and governmental legislature like all the ten already existing regions in Ghana. The region was carved out of the south-eastern part of the Brong Ahafo region and its creation was to fulfill a campaign promise made by ruling New Patriotic Party.