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United Nations, European Commission, Food and Agricultural Organization of the United Nations, International Monetary Fund, Organization for Economic Co-operation and Development, and World Bank

associated income earned from use of the soil resources. 5.8 Asset accounts for timber resources 5.8.1 Introduction 5.343 Timber resources are important environmental assets in many countries. They provide inputs for construction and the production of paper, furniture and other products, and are both a source of fuel and an important sink for carbon. 5.344 The compilation of timber resource asset accounts is one measurement tool that provides information for use in assessing and managing changes in timber resources and the services they provide. For a

JOHN A. DIXON and KIRK HAMILTON

exceeds growth, a “reserve life” is calculated and the timber resource is treated in the same manner as a mineral. Nontimber benefits of forests are valued by assuming that 10 percent of forested area will yield an infinite stream of benefits in the form of nontimber products, hunting, recreation and tourism. Per-hectare values of nontimber benefits vary between $112 and $145 in developing and developed countries. Cropland is valued as an infinite stream of land rents, where land productivity is projected by region up to the year 2025 and held constant thereafter

International Monetary Fund

for industrial and agricultural exports not subject to the arrangements under the EU’s Common Agricultural Policy. Several important or potentially significant processed and unprocessed food items such as cocoa products, fruits, and vegetables are eligible under this convention. 15 Stryker and Shaw (1994) . 16 Other environmental efforts being carried out by the government with a bearing on the production and exports of wood products are the Timber Resource Management Act of 1998 and its regulations, as well as a pilot scheme on community collaboration

International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
International Monetary Fund
This paper reviews trends in GDP and other macroeconomic variables since independence. It assesses the performance of the different sectors of the economy and expenditure categories. The paper identifies a number of products that could contribute to maintaining the high growth rate that nontraditional exports have experienced. The medium-term fiscal sustainability analysis provides a useful quantification of the impact of the shocks experienced on fiscal performance. Ghana's social insurance system, stock exchange, divestiture program, rural finance, and poverty are also discussed.
International Monetary Fund

investment projects are subject to environmental impact assessment and the prohibition on practices, which destroy the environment, are fully implemented. Mining activities, fishing, farming and timber resource exploitation, energy provision and manufacturing industrial production must be subjected to environmental impact assessments and audits. Institutions concerned with environmental protection will be strengthened to enable them enforce regulations. Generally the adoption of improved technologies will favour the environment. For example, the replacement of shifting

International Monetary Fund
This report highlights Ghana’s Poverty Reduction Strategy Paper (PRSP). The Ghana Poverty Reduction Strategy (GPRS) represents comprehensive policies, strategies, programs, and projects to support growth and poverty reduction from 2002 to 2004. The GPRS will also focus on providing the enabling environment that will empower all Ghanaians to participate in wealth creation and to partake in the wealth created. The GPRS aims at removing key obstacles to access and use, by the poor, of basic education, health care, population control, good drinking water, and improved sanitation.