|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|
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.
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.
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.
African Development Fund
Government Of Ghana
Ministry of Lands Forestry and Mines
|Last Update||20 Jun 2021|
|5.5 -2.5||Western Region|