By harnessing the sun for renewable energy and sustainably managing its forest landscapes for productive uses, Ghana aims to achieve climate-smart development that benefits its people, ecology, and economy.
Source: World Bank
FIP financing of over $75 million is supporting projects that unite public and private sectors with indigenous peoples and local communities in restoring degraded forest landscapes, improving forest management, and reducing pressure on forests. Efforts include promoting sustainable cocoa and agriculture practices, securing tree tenure, and facilitating institutional capacity building and policy reforms.
Another $40 million from the SREP is helping to create an enabling environment for renewable energy scale-up, focusing on renewable energy mini-grids and stand-alone solar photovoltaic (PV) systems, solar PV-based net metering with storage, and utility-scale solar PV and wind power generation.
Cocoa production is responsible for half of Ghana’s deforestation, recently as high as 2% per year, one of the world’s highest
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Additional Financing for Ghana Forest Investment Program - Enhancing Natural Forest and Agroforest Landscapes Project||FUNDForest Investment Program||COFINANCING (USD MILLION) 19.39||FUNDING (USD MILLION)||MDBIBRD|
|CTF_15June2019||FUNDClean Technology Fund||COFINANCING (USD MILLION) 0.03||FUNDING (USD MILLION)||MDBAFDB|
|DGM for Indigenous Peoples and Local Communities||FUNDForest Investment Program||COFINANCING (USD MILLION) 5.50||FUNDING (USD MILLION)||MDBIBRD|
|Engaging Local Communities in REDD+/Enhancement of Carbon Stocks||FUNDForest Investment Program||COFINANCING (USD MILLION) 9.75||FUNDING (USD MILLION) 4.01||MDBAFDB|
|Enhancing Natural Forest and Agroforest Landscapes Project||FUNDForest Investment Program||COFINANCING (USD MILLION) 29.50||FUNDING (USD MILLION) 3.00||MDBIBRD|
|Public-Private Partnership for restoration of degraded forest reserve through VCS and FSC certified plantations||FUNDForest Investment Program||COFINANCING (USD MILLION) 10.00||FUNDING (USD MILLION) 36.40||MDBAFDB|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.
Gambia is developing a strategic program for climate resilience under the PPCR to support national efforts to integrate climate change into policy planning and action.