Ghana - Engaging Local Communities in REDD+ / Enhancement of Carbon Stocks Project


Project Summary

Approval Date 22 Jan 2014
Signature Date 26 Jul 2014
Planned Completion Date 31 Dec 2020
Last Disbursement Planned Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31220
Environmental Category 2
Commitment U.A 3,200,000
Status Completion

Project General Description

The Bank has been a major financier in the forestry sub-sector where it has invested substantially in its regional member countries, for over three decades. The portfolio in the sector peaked in 2010 with a total Bank’s commitment valued at UA 190 million. Specifically for Ghana, the Bank successfully supported the implementation of the Community Forestry Management Project which closed in 2010. The Bank’s support to sustainable forest management has generated positive environmental and socioeconomic outputs and impacts. The ELCIR+ Project will further consolidate these past achievements for the benefit of the Ghanaian forestry sector.

Project Objectives

The Engaging Local Communities in REDD+/ Enhancement of Carbon Stocks (ELCIR+) project objective is to mobilize and invest funds to reduce deforestation and forest degradation, and also financially benefit local communities. This will lead to emission reductions and the protection of carbon reservoirs as part of the REDD+ agenda. The project is part of the Ghana Investment Plan for the Forest Investment Program. The investment plan is expected to be co-financed through basket funding with the World Bank and the International Finance Corporation (IFC). The Bank financed portion of the project supports: (i) restoration of degraded agricultural landscapes ; (ii) climate smart agriculture ; (iii) livelihoods improvement ; and (iv) capacity building. The project will be implemented over 5 years (2014 – 2018) with a total cost of US $ 15.826 million.

Beneficiaries

Project’s direct beneficiaries are estimated to be 12, 000 people, with women representing about half of the targeted population. Furthermore, the project is expected to indirectly benefit 175,000 people (5% of the population of the two regions). Direct beneficiaries will be supported with capacity building, inputs (e.g. seeds), equipment, and financial incentives through benefit-sharing agreements, to develop forestry, agroforestry and alternate livelihood activities.

Participating Organization

Funding
African Development Fund
Extending
Government Of Ghana
Implementing
Ministry of Lands Forestry and Mines

Information

IATI identifier 46002-P-GH-AAD-002
Last Update 20 Jun 2021

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Contact Details

Name KARIKARI Tabi
Email t.karikari@afdb.org

Geographic Location

Country Ghana
Coordinates Location Name
5.5 -2.5 Western Region
7.75 -1.5 Brong-Ahafo