FOREST PLANTATION DEVELOPMENT FUND
ACT, 2000 (ACT 583)
As amended
ARRANGEMENT OF SECTIONS
Section
PART I—ESTABLISHMENT OF THE FOREST
PLANTATION DEVELOPMENT FUND
1. Establishment of Fund
2. Objects of the Fund
3. Application for benefit
4. Sources of Fund
5. Bank account of the Fund
PART II—MANAGEMENT OF THE FUND
6. Establishment of Board
7. Functions of the Board
8. Appointment of Fund Management
Bank
9. Disbursement of Fund
10. Forest Plantation Development
Scheme
11. Forest Plantation Inspectors
12. Tenure of office of members
13. Meeting of the Board
14. Disclosure of interest
15. Allowances for members
PART III—FINANCIAL PROVISIONS AND
ADMINISTRATION
16. Accounts and audit
17. Secretarial services for the
Fund
18. Financial year
19. Annual report
20. Transfer of money
21. Regulations
22. Interpretation
23. Repeal
THE FIVE HUNDRED AND EIGHTY-THIRD
ACT OF THE PARLIAMENT OF THE
REPUBLIC OF GHANA ENTITLED
THE FOREST PLANTATION DEVELOPMENT
FUND ACT, 2000
AN ACT to establish a Forest
Plantation Development Fund to
provide financial assistance for
the development of forest
plantations, to provide for the
management of the Fund and to
provide for related matters.[As
amended by the Forest Plantation
Development Fund (Amendment) Act,
2002 (Act 623), s.6]
DATE OF ASSENT: 4th October, 2000.
BE IT ENACTED by Parliament as
follows:
PART I—ESTABLISHMENT OF THE FOREST
PLANTATION DEVELOPMENT FUND
Section 1—Establishment of Fund.
There is established by this Act a
Forest Plantation Development
Fund.
Section 2—Objects of the Fund.
The objects of the Fund are to
provide
(a) financial assistance for the
development of forest plantation
on lands suitable for timber
production, and
(b) for research and technical
advice to persons involved in
plantation forestry on specified
conditions.[As amended by the
Forest Plantation Development Fund
(Amendment) Act, 2002 (Act 623),
s.1]
Section 3—Application for Benefit.
(1) A person capable of
implementing a plantation
programme in accordance with the
criteria established under section
9 of this Act, may apply for
funding from the Fund.
(2) An application under
subsection (1) shall be in a
prescribed form.
(3) A beneficiary of the Fund who
observes the conditions set by the
Board is entitled to exercise
rights of ownership over any
timber produced.
(4) A beneficiary under subsection
(3) includes a successor of the
beneficiary.
(5) A beneficiary under this Act
is entitled to tax rebates and
such other benefits that are
applicable to it under the Ghana
Investment Promotion Centre Act
1994 (Act 478).
Section 4—Sources of Fund.
The moneys of the Fund shall be
derived from—
(a) the proceeds of the timber
export levy imposed under the
Trees and Timber Decree, 1974 (NRCD
273) as amended by the Trees and
Timber (Amendment) Act, 1994 (Act
493);
(b) grants and loans for
encouraging investment in
plantation forestry;[As amended by
the Forest Plantation Development
Fund (Amendment) Act, 2002 (Act
623), s.2(a).]
(c) grants provided by
international environmental and
other institutions to support
forest plantation development
projects for social and
environmental benefits;
(d) moneys to support forest
plantation development
(i)
provided by Parliament from the
Consolidated Fund; and
(ii) from any other source
approved by the Minister for
Finance.[As substituted by the
Forest Plantation Development Fund
(Amendment) Act, 2002 (Act 623),
s.2(b).]
Section 5—Bank Account of the
Fund.
Moneys for the Fund shall on the
directions of the Board be paid
into a bank account opened for the
purpose with the Fund Management
Bank appointed under section 8.
PART II—MANAGEMENT OF THE FUND
Section 6—Establishment of Board.
(1) There is established by this
Act the Forest Plantation
Development Fund Management Board.
(2) The Board consists of—
(a) a chairman who is a person
involved with the plantation
industry;
(b) the Chief Director of the
Ministry of Lands and Forestry;
(c) two representatives of
institutions, organizations,
companies or bodies involved with
the plantation industry;
(d) one representative of tree
growers;
(e) one representative of the Fund
Management Bank; and
(f) one representative of a donor
or a financial agency which
contributes to the Fund a sum of
money equal to or greater than the
initial deposit derived from the
proceeds of the export levy
referred to in section 4 of this
Act as at the date of the coming
into force of this Act.[As
substituted by the Forest
Plantation Development Fund
(Amendment) Act, 2002 (Act 623),
s.3.]
(3) The members of the Board shall
be appointed by the President in
consultation with the Council of
State.
Section 7—Functions of the Board.
The Board shall be responsible
for—
(a) administering the Fund;
(b) attracting contributions into
the Fund and investing the moneys
of the Fund;
(c) encouraging investment in
forest plantation development
through incentives and other
benefits;[As amended by the Forest
Plantation Development Fund
(Amendment) Act, 2002 (Act 623),
s.4.]
(d) facilitating best practices
for optimum timber plantation
establishment and management;
(e) promoting a feasible scheme
that supports related forest
projects; and
(f) monitoring the progress of the
scheme to ensure compliance with
the objects of the Act.
Section 8—Appointment of Fund
Management Bank.
(1) For the purposes of section 7,
the Board shall select a bank by a
transparent competitive process
and enter into a contract for its
services to manage the Fund.
(2) The Management Bank shall
under the directions of the Board
be responsible for the
(a) sound management of the Fund,
(b) disbursement of moneys, and
(c) recovery of money lent from
the Fund.
Section 9—Disbursement of Fund.
(1) The Board shall, with the
approval of the Minister prepare
and publish criteria for the
disbursement of moneys from the
Fund and may authorise the
Management Bank to make payments
from the Fund—
(a) for a specified size of
plantation establishment and the
relevant management costs,
training and other incentives
determined by the Board;
(b) to forest plantation growers
and forestry firms that may
qualify to benefit from incentives
determined by the Board;
(c) to pay management fees and
operational expenses of the Fund
Management Bank; and
(d) for the payment of any other
relevant expenses as the Board may
determine.
Section 10—Forest Plantation
Development Scheme.
(1) For the purposes of section
7(e) the Board shall, within
twelve months of the coming into
force of this Act, prepare for the
approval of the Minister a forest
plantation development scheme to
cover up to two hundred thousand
hectares of land for a period of
not less than ten years and not
more than twenty-five years.[As
amended by the Forest Plantation
Development Fund (Amendment) Act,
2002 (Act 623), s.5]
(2) The Scheme shall be presented
in a form determined by the Board
and shall include—
(a) projection of relevant annual
expenditure from the Fund and the
basis for the projection;
(b) projection of revenues for the
Fund from various sources and the
activities required to attract
additional contributions to the
Fund;
(c) provision for the review of
the scheme every five years; and
(d) provision for recovery of any
outstanding disbursed credit.
(3) The Management Bank shall
prepare an annual budget for each
financial year in respect of a
scheme approved by the Minister
based on—
(a) applications that qualify for
incentives from the Fund;
(b) previously approved
commitments for use of the Fund;
and
(c) on-going and new activities to
meet the objects of the Fund.
Section 11—Forest Plantation
Inspectors.
(1) The Board may appoint officers
designated as Forest plantation
inspectors referred to in this Act
as “Inspectors”.
(2) An inspector or any person
authorized by the Board may at any
reasonable time enter into a
plantation which is a beneficiary
of the Fund to inspect the
plantation.
(3) A person who assaults or
obstructs an inspector or any
authorised person acting in
execution of duty under subsection
(2) commits an offence and is
liable on summary conviction to a
fine of not less than five million
cedis or to a term of imprisonment
of not more than two years or to
both.
Section 12—Tenure of Office of
Members.
(1) A member of the Board other
than an ex-officio member shall
hold office for a period not
exceeding four years and is
eligible for reappointment.
(2) A member of the Board other
than an ex-officio member may at
any time by letter addressed to
the President through the Minister
resign from office.
(3) A member who is absent from
three consecutive meetings of the
Board without sufficient cause
ceases to be a member of the
Board.
(4) A member of the Board may be
removed from office by the
President for inability to perform
the functions of office, for
stated misbehaviour or for any
other just cause.
(5) The chairman of the Board
shall through the Minister notify
the President of vacancies that
occur in the membership of the
Board within one month of the
occurrence of the vacancy.
Section 13—Meeting of the Board.
(1) The Board shall meet for the
despatch of business at the times
and in the places determined by
the chairman but shall meet at
least once every two months.
(2) The chairman shall upon the
request of not less than one-third
of the membership of the Board
convene a special meeting of the
Board.
(3) The quorum at a meeting of the
Board shall be five members of
whom at least two shall be from
the public sector and two from the
private sector.
(4) The chairman shall preside at
meetings of the Board and in his
absence a member elected by the
members present from among their
number shall preside.
(5) Questions before the Board
shall be decided by a majority of
the members present and voting.
(6) The chairman or the person
presiding at a meeting of the
Board shall in the event of
equality of votes have a second or
casting vote.
(7) The Board may co-opt any
person to act as an adviser at its
meetings but a co-opted person
shall not vote at the meeting.
(8) The validity of the
proceedings of the Board shall not
be affected by a vacancy among its
members or by a defect in the
appointment or qualification of a
member.
(9) Except as otherwise expressly
provided for under this section,
the Board shall determine and
regulate the procedure for its
meetings.
Section 14—Disclosure of Interest.
(1) A member of the Board who is
interested in any matter being
considered by the Board shall
disclose the nature of that
interest and shall not take part
in any deliberation or decision of
the Board with respect to that
matter.
(2) A member who fails to disclose
interest under subsection (1) of
this section, ceases to be a
member of the Board.
Section 15—Allowances for Members.
The members of the Board shall be
paid allowances as the Minister,
in consultation with the Minister
responsible for Finance, may
determine.
PART III—FINANCIAL PROVISIONS AND
ADMINISTRATION
Section 16—Accounts and Audit.
(1) The Board shall keep books of
account and proper records in
relation to them and the books of
account and records shall be in a
form approved by the
Auditor-General.
(2) The books of account of the
Fund shall be audited by the
Auditor-General or by an auditor
appointed by him, within three
months after the end of each
financial year.
(3) In addition to the annual
audit, technical audits shall be
conducted on a selective basis by
the Auditor-General or by an
auditor appointed by the
Auditor-General on the
recommendations of the Board.
Section 17—Secretarial Services
for the Fund.
(1) The Chief Director of the
Ministry shall act as the
secretary to the Board and shall
arrange the business of the Board.
(2) There shall also be provided
by the Ministry for the work of
the Board such other staff as may
be necessary.
Section 18—Financial Year.
The financial year of the Fund
shall be the same as the financial
year the Government.
Section 19—Annual Report.
(1) The Board shall submit to the
Minister not later than six months
after the end of each financial
year a report dealing generally
with the activities and operation
of the Fund during the year to
which the report relate and shall
include—
(a) the audited accounts of the
Fund and Auditor-General’s report
on the accounts of the Fund; and
(b) such other information as the
Board may consider necessary.
(2) The Minister shall within two
months after the receipt of the
annual report submit the report to
Parliament with such statement as
he considers necessary.
Section 20—Transfer of Money.
The money in the Forest
Improvement Fund established under
the Forest Improvement Fund Act,
1960 (No. 12 of 1960) is hereby
transferred into the Fund
established under section 1 of
this Act subject to any payment
required under the Forest
Improvement Fund Act or any other
enactment.
Section 21—Regulations.
The Minister may by legislative
instrument make Regulations for
the effective implementation of
this Act.
Section 22—Interpretation.
In this Act unless the context
otherwise requires—
“Board” means the Forest
Plantation Development Fund
Management Board established under
section 6;
“Management Bank” means the bank
appointed under section 8;
“Fund” means the Forest Plantation
Development Fund established under
section 1;
“incentives” means loans, rebates,
grants and insurance;
“Inspector” means any competent
professional person appointed by
the Board to conduct an assessment
of a forest plantation project;
“Minister” means the Minister for
Lands and Forestry;
“Ministry” means the Ministry of
Lands and Forestry;
“plantation” includes any project
undertaken with financial
assistance from the Fund.
Section 23—Repeal.
The following enactments are
repealed:
the Forest Improvement Fund Act,
1960 (No. 12 of 1960); and
the Forest Improvement Fund
(Amendment) Act, 1962 (Act 144).
Date of Gazette Notification: 6th
October, 2000.
amended by
THE FOREST PLANTATION DEVELOPMENT
FUND (AMENDMENT) ACT, 2002 (ACT
623)1
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