By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Political privilege undermines fairness in school placement – Awudu Ishaq
    September 11, 2026
    Maternal mortality needs stronger existential response – Akosua Manu
    September 11, 2026
    Former presidential staffer calls for reforms to prevent discriminatory public-sector payments
    September 10, 2026
    NSMQ 2026: Scholarships, GH¢120,000 and vacation await finalists as Old Students rally support
    September 10, 2026
    Link police recruitment portal to WAEC to stop fake certificates – Adib Saani
    September 10, 2026
  • Business
    BusinessShow More
    Ahantaman Community Bank appoints Samuel Nyanzu Ackah as new CEO
    September 9, 2026
    Nilee Consult to host 5th Business Growth Accelerator Workshop in Accra
    September 9, 2026
    B5 Plus calls for import bans to protect Ghanaian manufacturers and create jobs
    September 8, 2026
    Christian Council commends GoldBod on responsible gold management
    September 8, 2026
    Hollard Ghana wins Customer Care Award for third consecutive year at Ghana Insurance Awards
    September 7, 2026
  • Politics
    PoliticsShow More
    Mahama swears in three Supreme Court Justices; calls for judicial independence and faster justice delivery
    September 11, 2026
    Political privilege undermines fairness in school placement – Awudu Ishaq
    September 11, 2026
    Ghana Cannot Continue to Love the Diaspora’s Money and Fear Its Voice
    September 11, 2026
    SA evacuation: Minority demands detailed account of ¢16m Engineers and Planners contribution
    September 10, 2026
    Ayariga proposes police escorts, opposite-lane access for Ayalolo buses in peak hours to ease traffic to ease traffic
    September 8, 2026
  • Entertainment
    EntertainmentShow More
    Starr FM set to premiere ‘Morning Rounds with Dr Sompa’ on September 5
    September 3, 2026
    Kojo Antwi, Meiway to unite African music fans in London for historic concert
    August 31, 2026
    Dissolve Creative Arts Ministry; it offers no support to industry players – Shatta Wale
    August 31, 2026
    God told me in 2012 He was shifting my ministry – Ohemaa Mercy
    August 31, 2026
    Not every gospel artiste is a minister – Ohemaa Mercy
    August 30, 2026
  • Sports
    SportsShow More
    Ghana unveils female mini football national team, targets rise to Africa’s summit
    September 3, 2026
    Open Letter to Kofi Adams: Give Ghana Two Hybrid Pitches and Establish a Lasting Legacy 
    September 2, 2026
    World Cup Fundraising Committee must clarify Shatta Wale’s GH¢5m claim – Wonder Mandel
    August 31, 2026
    Sports Ministry not responsible for GH¢5m Shatta Wale debt – Minister’s aide
    August 30, 2026
    EduSpots launches its Digital Champions Programme
    August 28, 2026
  • Technology
    TechnologyShow More
    Samsung Galaxy S26 FE Delivering Latest Flagship AI, Camera Experiences
    August 27, 2026
    YEA CEO urges youth to avoid recording private sexual activities amid rise in leaked videos
    August 20, 2026
    Here’s Why Samsung Galaxy Z Fold8 Is Perfect Device for Your Favourite Content – Pre-Order Today!
    August 18, 2026
    Nearly 1,000 scam numbers linked to fake Google profiles targeting Ghana food chains – TrustGH
    August 17, 2026
    NYA CEO urges youth to use social media for positive change, not violence
    August 12, 2026
  • International
    InternationalShow More
    In Pictures: Chef Abbys showcases Ghanaian cuisine at London’s Black On The Square
    September 8, 2026
    Chef Abbys arrives in London ahead of Black On The Square, set for BBC Radio interview
    September 4, 2026
    Edibeck Consult’s cultural Exchange Delegation engages Ghana Embassy in Belgium
    September 3, 2026
    Chef Abbys to showcase Ghanaian cuisine at London’s Black On The Square Festival
    September 2, 2026
    EIB’s Joshua Kodjo Mensah appointed Official Host of Global Entrepreneurship Festival
    September 1, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Ghana obtains first carbon payment of $486.2m
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Editors PickGeneral

Ghana obtains first carbon payment of $486.2m

Starrfm.com.gh By Starrfm.com.gh Published December 15, 2022
Share
SHARE

Ghana has obtained $486.2 million as first payment from carbon sale.

This is as a result of a pilot project that was started in 2010 to store carbon in some selected forest reserves in the country as one of potential ways to mitigate climate change.

Mr. Andrew Okrah, Director of the Forestry Commission Training Center, located at Akyawkrom in the Ejisu Municipality of Ashanti, mentioned to the GHone News at the sideline of the 2022 end of year review and planning session of the Forest Research Institute of Ghana of the Council for Scientific and Industrial Research(CSIR-FORIG).

It was under the theme, “Forestry Research For Sustainable Development”.

Carbon storage also known as carbon sequestration, is a method of capturing carbon dioxide emissions and storing them in coal seams, aquifers, depleted oil and gas reservoirs and other spaces deep under the surface of the earth.

Theoretically, this would prevent those gases from having an effect on climate.

Ghana ­, with one of the highest deforestation rates in Africa, became the third country to sign a landmark agreement with the World Bank that rewards community efforts to reduce carbon emissions from deforestation and forest degradation.

The sale of the carbon is a mechanism to provide an economic incentive to limit greenhouse gas emissions.

According to the Director it was time for Ghana to take advantage of carbon trading saying if on pilot bases such an amount could be obtained, then the sky could be a limit if seriousness was attached to projects for carbon emission reductions from the forest and land use sectors.

He said the Forestry Commission was working in close partnership with other stakeholders to promote the plantations of climate smart species to reduce carbon emissions in the country.

Earlier, Mr. Okrah, in a presentation on Forest and Climate Change, noted that the national total forest reserve now was 6.5 million hectares, and efforts must be made to protect the forests.

He wondered why there was still the talk about illegal mining (galamsey), illegal chainsaw, charcoal productions as some of the most common pressures causing deforestation and severe forest degradation.

The Director charged the CSIR-FORIG to come out with measures to combat the menace for the betterment of the country.

Prof. Daniel A. Ofori, Director, CSIR-FORIG, highlighted plans to link up with small scale carpenters to take advantage of the Institute’s Wood and Furniture Testing Center to ensure products on the market were of quality and international standards.

According to Prof Ofori, the Center has now been accredited for conducting tests under ISO 17025.

Chairs and tables, he said, could be tested for their durability, stability and strength to determine the life span of the products and their ability to perform the functions for which they were designed.

He mentioned that the Institute, under its livelihood impactful project, trained 684 persons in snail farming, mushroom cultivation,bee keeping, tree nursery and briquettes production which would go a lo h way to reduce the pressure on the forests.

Prof.Ofori called for more funding for their projects toward the fight against climate change.

Source: Ghana/Starrfm.com.gh/103.5FM/Isaac Bediako

You Might Also Like

Political privilege undermines fairness in school placement – Awudu Ishaq

Maternal mortality needs stronger existential response – Akosua Manu

Former presidential staffer calls for reforms to prevent discriminatory public-sector payments

NSMQ 2026: Scholarships, GH¢120,000 and vacation await finalists as Old Students rally support

Link police recruitment portal to WAEC to stop fake certificates – Adib Saani

TAGGED:Council for Scientific and Industrial Research
Share This Article
Facebook Twitter Email Print
Share
Previous Article #EIBQATAR2022: France beat Morocco to set up World Cup final against Argentina
Next Article Kuami Eugene back with new joint ‘I Feel Nice’

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?