Map of Ghana Ghana

Total REDD+ Finance Committed:

$98,241,539

Total REDD+ Finance Disbursed:

$29,340,550

Ghana is reported to have one of the highest deforestation rates in Africa, at around 2% per year, according to FAO data. To combat this loss, Ghana is in the process of building a national strategy to reduce greenhouse gas emissions from forest loss and degradation, with the support of the World Bank´s Forest Carbon Partnership Facility (FCPF) and Forest Investment Program (FIP), as well as private donors.

Ghana’s FIP Investment Plan was approved in 2012 and is managed by the Ministry of Lands and Natural Resources (MLNR). Ghana intends to utilize FIP investments to address some of the underlying drivers of deforestation and to catalyze transformational change in the forestry sector. The FIP represents the biggest commitment to REDD+ in Ghana. By the end of 2014, US$59 million had been committed in FIP funding, representing 60% of total funding for REDD+ activities in Ghana.

Ghana has also received significant support from the FCPF Readiness Fund, and is one of only eleven countries invited into the Carbon Fund pipeline. An Emission Reduction Payment Agreement (ERPA) was recently signed which intends to enable up to US$50 million in performance based payments for Emission Reductions between 2016 and 2020.

Overview: REDD+ finance flowing to Ghana

Ghana’s REDD+ financing landscape is set out below:

Flows of REDD+ finance between donors and first recipients, 2009-2014

 
New - Interactive Chart

Funds committed and disbursed for REDD+ activities in Ghana through 2013

Cumulative commitments and disbursements, 2009-2014