Ghana’s President, Nana Akufo-Addo, recently commissioned a log salvage facility that will operate in the Volta Lake in the Eastern Region. The company concerned, Kete Krachi Timber Recovery Company Ltd. (KKTR), aims to salvage tree stumps from the lake. Source: Timberbiz
Operations are currently concentrated in Sedorm but there are plans to extend activities to other areas of the Lake.
The creation of the Volta Lake in the 1960s resulted in vast tracts of forest being submerged.
The Chief Executive Officer of KKTR, Elkin Pianim, said the company’s Volta Lake salvage concession is estimated to contain around 14 million cubic metres of recoverable timber. To salvage timber from the Lake the company is using modified Caterpillar excavators mounted on a barge.
The KKTR executive has said it aims to recover 240,000 tonnes annually.
The operation of KKTR is being supported under the Presidents Incentive Framework under the government’s One-District-One-Factory (1D1F) programme. Incentives include tax holidays, duty waivers and interest rate subsidies all designed to help build the capacity and competitiveness of enterprises.
Each 1D1F enterprise such as KKTR will be assigned technical experts to provide free advice during implementation.