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
    Breaking News: Former Dome-Kwabenya MP shot by unknown gunmen
    June 21, 2026
    Gold Fields Foundation, SOFPOG deliver specialist surgical care to 58 patients in Tarkwa
    June 20, 2026
    NACOC partners National House of Chiefs to combat rising drug abuse among Ghanaian youth
    June 19, 2026
    AG meets US Department of Justice over law enforcement cooperation
    June 18, 2026
    Court okays AG, Wontumi permission to negotiate GHS30m Exim Bank charges; Case Adjourned to July 6
    June 18, 2026
  • Business
    BusinessShow More
    Save The Forest Alliance commends Sammy Gyamfi over Tano Nimiri Forest restoration initiative
    June 17, 2026
    Hollard Ghana expands customer service operations with new 50-seater call center
    June 15, 2026
    Banking Consultant questions proposed Auditors’ Courts; calls for capacity building in Ghana’s financial oversight
    June 15, 2026
    Agric ministry to distribute fertilizers to farmers from Tuesday 
    June 14, 2026
    Court orders NAM1 to file evidence by July 6 over Menzgold customers’ funds
    June 12, 2026
  • Politics
    PoliticsShow More
    Court okays AG, Wontumi permission to negotiate GHS30m Exim Bank charges; Case Adjourned to July 6
    June 18, 2026
    Namibian President arrives in Accra for High-Level Consultative Conference on the Next Steps
    June 17, 2026
    US Immigration Court grants Ken Ofori-Atta green card
    June 16, 2026
    Wontumi directed mining activities in Tano Nimiri Forest Reserve – Investigator tells Court
    June 16, 2026
    Youth Advocate Ghana hails government’s plan to elect MMDCEs
    June 15, 2026
  • Entertainment
    EntertainmentShow More
    WatsUp On Campus: Stonebwoy rocks UniMAC-IJ’s first-ever artiste night
    June 16, 2026
    itz Tiffany teases new anthem “Money” ahead of June 17 release
    June 12, 2026
    I am producing a new hit campaign song for NPP and Dr Bawumiah – Appietus
    June 6, 2026
    Noble Nketsiah alleges career declined after rejecting occult offer
    June 6, 2026
    WatsUp On Campus kicks off tour featuring top artistes, 15 Universities in Ghana
    June 5, 2026
  • Sports
    SportsShow More
    Yirenkyi’s last-gasp heroics lift Ghana as Black Stars edge Panama in World Cup Opener
    June 18, 2026
    2026 World Cup: Dr. Bawumia rallies support for Black Stars
    June 17, 2026
    Messi hat-trick powers Argentina to 3-0 win over Algeria and rewrites World Cup history
    June 17, 2026
    Mbappé brace powers France to 3–1 victory over Senegal in World Cup opener
    June 17, 2026
    Vice President visits Black Stars camp to boost morale before Panama match
    June 16, 2026
  • Technology
    TechnologyShow More
    Samsung Ghana expands access to AI-powered mobile experiences with the Galaxy A series
    June 2, 2026
    KNUST hosts FemSTEM Africa 2026 to empower the next generation of women health innovators
    June 2, 2026
    Samsung Ghana introduces 2026 Vision AI Mini LED TV for ultimate sports viewing experience
    June 1, 2026
    Redington appointed authorised distributor of Adobe Creative Cloud in Ghana
    May 25, 2026
    Samsung Galaxy A57 5G, A37 5G now available in Ghana
    May 25, 2026
  • International
    InternationalShow More
    AG meets US Department of Justice over law enforcement cooperation
    June 18, 2026
    15 Countries adopt Mombasa Declaration to boost fisheries transparency and combat illegal fishing
    June 18, 2026
    Cape Verde stun Spain with historic draw in FIFA World Cup debut
    June 15, 2026
    Morocco hold Brazil to thrilling 1-1 draw in FIFA World Cup 2026 opener
    June 14, 2026
    Ghana escalates diplomatic efforts over Thomas Partey’s Canada visa refusal
    June 13, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Ghana signs landmark $50m deal with World Bank to reduce deforestation
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.
GeneralHeadlines

Ghana signs landmark $50m deal with World Bank to reduce deforestation

Starrfm.com.gh By Starrfm.com.gh Published July 10, 2019
Share
SHARE

Ghana ­­– with one of the highest deforestation rates in Africa – has become 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.

Ghana’s five-year Emission Reductions Payment Agreement (ERPA) with the Forest Carbon Partnership Facility (FCPF) Carbon Fund, which is administered by the World Bank, unlocks performance-based payments of up to US$50 million for carbon emission reductions from the forest and land use sectors. Mozambique and the Democratic Republic of Congo have also signed ERPAs over the past 10 months, with other Carbon Fund countries expected to sign similar agreements in the the next year.

In Ghana, forest degradation and deforestation are driven primarily by cocoa farm expansion, coupled with logging and a recent increase in illegal mining. Working in close partnership with the Forestry Commission, Cocoa Board, and private sector, Ghana’s program with the FCPF Carbon Fund seeks to reduce carbon emissionsthrough the promotion of climate-smart cocoa production.

“The program’s two central goals — reducing carbon emissions in the forestry sector and producing truly sustainable, climate-smart cocoa beans — make it unique in Africa and the first of its kind in the cocoa and forest sectors worldwide. This program is helping to secure the future of Ghana’s forests while enhancing income and livelihood opportunities for farmers and forest-dependent communities,” says Kwadwo Owusu Afriyie, Chief Executive of Ghana’s Forestry Commission.

In Ghana’s ERPA, the FCPF Carbon Fund commits to making initial results-based payments for reductions of 10 million tons of CO2 emissions (up to US$50 million). Ghana’s ERPA also specifies on carbon emission baselines, price per ton of avoided CO2 emissions, and a benefit-sharing mechanism that has been prepared based on extensive consultations with local stakeholders and civil society organizations throughout the country.

Ghana’s emission reductions program is anchored in the country’s national strategy for reducing emissions from deforestation and forest degradation (REDD+),and is well-aligned with relevant national policies and strategies, including Ghana’s Shared Growth and Development Agenda, the National Climate Change Policy, the National Forest and Wildlife Policy, the National Gender Policy, and Ghana’s nationally-determined contributions to the UN Framework Convention on Climate Change.

Ghana’s emission reductions program area, located in the south of the country, covers almost 6 million hectares (ha) of the West Africa Guinean Forest biodiversity hotspot. The wider program area covers 1.2 million ha of forest reserves and national parks and is home to 12 million people.

An increase in cocoa production has historically meant more forests are cut to accommodate new cocoa seedlings, but this trend could be reversed.Through the program, the government will focus on selected deforestation hotspot areas and help farmers and communities increase cocoa production there using climate-smart approaches. More sustainable cocoa farming will help avoid expansion of cocoa farms into forest lands and secure more predictable income streams for communities. These combined actions will help Ghana to meet its national climate commitments under the Paris Agreement.

This work leverages support from other initiatives, including from World Bank programs focused on forest rehabilitation, social inclusion, climate-smart agriculture, and sustainable land and water management. The program also works closely with the Cocoa & Forests Initiative.[i]

More than 30 stakeholder consultations, meetings, and workshops with over 40 institutions were conducted in the planning, design and validation of the program. Part of this outreach included developing and implementing a program-wide Gender Action Planto sensitize stakeholders regarding the key role women play in sustainable land use and their right to benefit equally from results-based payments.

“It’s exciting to see the level of stakeholder engagement Ghana has been able to achieve with its emission reduction program, particularly with the private sector. Some of the most important cocoa and chocolate companies in the world, including World Cocoa Foundation members such as Mondelēz International, Olam, Touton and others, as well as Ghana’s Cocoa Board have committed to participating in the program,” says Pierre Frank Laporte, the World Bank Country Director for Ghana.

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

You Might Also Like

Breaking News: Former Dome-Kwabenya MP shot by unknown gunmen

Gold Fields Foundation, SOFPOG deliver specialist surgical care to 58 patients in Tarkwa

NACOC partners National House of Chiefs to combat rising drug abuse among Ghanaian youth

AG meets US Department of Justice over law enforcement cooperation

Court okays AG, Wontumi permission to negotiate GHS30m Exim Bank charges; Case Adjourned to July 6

TAGGED:forestworld bank
Share This Article
Facebook Twitter Email Print
Share
Previous Article Resistance and collaboration: Asameni and the keys to Christiansborg Castle in Accra
Next Article Deaf Football Association honours Rawlings

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?