The Green Climate Fund (GCF) has approved US$54.5 million for the Ghana Shea Landscape Emission Reductions project to address the alarming deforestation and forest degradation challenges in the Northern Savannah Zone of Ghana. The project will be implemented by the Forestry Commission (FC), Ghana with technical support from the United Nations Development Programme (UNDP), in partnership with multiple national and local institutions, civil society organizations, and the private sector.
The project’s interventions are expected to result in the restoration of 200,000 hectares of off-reserve savanna forests and 300,000 hectares of degraded shea parklands including the establishment of 25,500 hectares of forest plantations in severely degraded forest reserves. It is expected that the activities will result in an estimate of over 6 million tCO2e in emission reductions and removals over the first seven years of the project’s lifetime and 25.24 million tCO2e over the period of 20 years.
The project has leveraged vertical funds, with US$ 30,100,000 grant from the GCF, about US$ 15 million funding from the Government of Ghana, and mobilized about US$ 9 million impact investments from the private sector in the shea value chain.
“We are particularly happy with the approval from the GCF Board because of how critical this project is in reducing emissions, the expected value additions in the utilization of forest resources and contributions to livelihood improvement especially for women”, noted Silke Hollander, Deputy Resident Representative for UNDP in Ghana.
Among other significant benefits, the Ghana Shea Landscape Emission Reductions Project will also bring about a breakthrough in the shea sector by enhancing revenue generation for women and strengthen the livelihoods of over 500,000 people in Northern Ghana. The Global Shea Alliance (GSA), a non-profit industry association with 500 members from 35 countries, will be a key partner during the project implementation.
Original source: UNDP
