Recent years have seen the increasing adoption of the social-ecological resilience perspective as a framework for pursuing the sustainability of resource-dependent communities. From the resilience perspective, communities are constantly exposed to multiple drivers of change to which they must adapt in order to be sustainable. One of the most frequent drivers of change in resource-dependent communities is the implementation of conservation policies, such as co-management, which refers to institutional arrangements for joint resource management that involve the sharing of power, rights, and responsibilities between states and resource users. Co-management promises several benefits, including enhanced equity, efficiency, and effectiveness in the resource management process, as well as the promotion of sustainability, capacity-building, and resilience. However, the relationship between co-management and social-ecological resilience has not received adequate research attention. Importantly, the issue of scale has not received explicit recognition in the assessment of co-management outcomes. This presentation utilizes qualitative and quantitative data gathered from two forest-dependent communities abutting the Tano-Offin and the Afram Headwaters Forest Reserves in the Ashanti region of Ghana to assess the impacts of Ghana’s collaborative forest management (CFM) program on social-ecological resilience at the community and household levels. Analysis of qualitative data at the community level indicated that when comparing current community conditions to conditions prior to the implementation of the CFM program, both communities have experienced marginal improvements in the various capital assets that shape community resilience. At the household level, a statistical comparison of current household capital assets with capital assets prior to the CFM program showed varying levels of decline in household capitals across the two communities. These results suggest the impacts of co-management on social-ecological resilience may be sensitive to the scale at which assessments are made.