STUMPAGE FEES REVIEW (Effective March 1, 2014)

HIGH DEMAND - STUMPAGE RATE 20%

OLD STUMPAGE STUMPAGE SCIENTIFIC NAME TRADE NAME FEE GH ₵ FEE GH ₵ Aningeria robusta ASANFINA 25.20 56.02 Dalbergia melanoxylon AFRICAN BLACKWOOD 2.39 74.58 Entandophragma candollei CANDOLLEI 21.68 43.18 Entandophragma cylindricum SAPELE 27.37 65.36 Entandophragma utile UTILE 31.60 67.69 Guibourtia ehie HYEDUA(BLACK) 33.03 73.53 AFRICAN MAHOGANY(GRANDIFOLIA/ Khaya grandifolia/anthotheca ANTHOTHECA) 24.27 43.18 Khaya ivorensis AFRICAN MAHOGANY 24.27 67.58 Lovoa trichiloides AFRICAN WALNUT 22.61 44.35 Milicia excelsa /regia ODUM 25.16 74.70 Nauclea diderrichii KUSSIA 18.02 42.02 Pericopsis elata AFRORMOSIA 50.87 99.79 Pterocarpus erinaceous ROSEWOOD 2.39 52.64 Tieghemella heckelii MAKORE 26.71 61.86

MODERATE DEMAND - STUMPAGE RATE 10 % NEW OLD STUMPAGE STUMPAGE SCIENTIFIC NAME TRADE NAME FEE GH ₵ FEE GH ₵ Afzelia africana / bella PAPAO 11.95 38.81 Albizzia ferruginea AWIEMFOSAMINA 6.38 16.63 Antrocaryon micraster APROKUMA 4.78 13.42 Canarium schweinfurthii BEDIWONUA 4.78 21.59 Ceiba pentandra ONYINA 4.78 10.50 Chrysophyllum albidum AKASA 4.78 28.01 Daniellia ogea HYEDUA 6.54 16.92 Distemonanthus benthamianus AYAN 10.32 26.26 Entandophragma angolense EDINAM 8.24 21.59 Guarea spp. GUAREA 9.56 25.09 Heritiera utilis NIANGON 12.43 32.15 Lophira alata KAKU/EKKI 8.77 21.59 Mansonia altissima MANSONIA 11.95 33.55 Pterygota macrocarpa KOTO 12.64 25.68 Rhodognaphalon brevicuspe BOMBAX 4.78 13.42 Terminalia ivorensis EMERI 10.68 21.59 Terminalia superba OFRAM 5.95 16.92 Triplochiton scleroxylon WAWA 6.17 18.09 Turreanthus africanus AVODIRE 10.65 21.59

LOW DEMAND - STUMPAGE RATE 5 % NEW OLD STUMPAGE SCIENTIFIC NAME TRADE NAME STUMPAGE FEE GH ₵ FEE GH ₵ Amphimas spp. YAYA 2.39 8.75 Antiaris africana CHENCHEN 3.14 5.98 Celtis spp ESSA 3.18 8.75 Cylicodiscus gabonensis DENYA 4.38 11.67 Cynometra spp. ANANTA 2.39 10.21 Dialium aubrevillei DUABANKYE 2.39 5.84 Erythronphleum guineese POTRODOM 3.58 7.73 Gilbertiodendron spp TETEKON 2.39 11.67 Mammea africana BOMPAGYA 2.39 8.46 Morus mesozygia WONTON 2.39 11.67 Nesogordonia papaverifera DANTA 4.62 10.80 Petersianthus spp. ESSIA 2.39 6.42 Piptadeniastrum africanum DAHOMA 3.58 9.19 Pycnanthus angolensis OTIE 3.42 6.71 Sterculia rhinopetala WAWABIMA 3.58 8.75 Strombosia pustulata AFINA 2.39 8.75 OTHERS 2.39 6.03