Ghana Shea Landscape Emission Reductions Project (GCF)

Project Overview

The Green Climate Fund (GCF) has approved a project worth 54.5 million US dollars to address the alarming deforestation and forest degradation challenges in the Northern Savannah Zone of Ghana, whilst promoting investments in the shea value chain and women’s empowerment. 
 
The ‘Ghana Shea Landscape Emission Reductions Project’, which was approved at the ongoing GCF’s 26th virtual Board Meeting, will be implemented by the Forestry Commission (FC) of Ghana with technical support from the United Nations Development Programme (UNDP), in partnership with multiple national and local institutions, civil society organizations and private sector actors. 
 
The project has leveraged vertical funds, with USD 30,100,000 grant from the GCF, about USD 15 million funding from the Government of Ghana and mobilized about USD 9 million impact investments from the private sector in the shea value chain.
 
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 as well as 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 20 years.
 
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Project Details

Levels of Intervention

National

Source of Funds

Green Climate Fund

Key Implementers

Country Office
United Nations Development Programme (UNDP)

Funding Amounts

USD 30,100,000.00

Project Partners

Green Climate Fund
United Nations Development Programme (UNDP)

Project Dates

2021 to 2028

Introduction

The Green Climate Fund (GCF) has approved a project worth 54.5 million US dollars to address the alarming deforestation and forest degradation challenges in the Northern Savannah Zone of Ghana, whilst promoting investments in the shea value chain and women’s empowerment. 
 
The ‘Ghana Shea Landscape Emission Reductions Project’, which was approved at the ongoing GCF’s 26th virtual Board Meeting, will be implemented by the Forestry Commission (FC) of Ghana with technical support from the United Nations Development Programme (UNDP), in partnership with multiple national and local institutions, civil society organizations and private sector actors. 
 
The project has leveraged vertical funds, with USD 30,100,000 grant from the GCF, about USD 15 million funding from the Government of Ghana and mobilized about USD 9 million impact investments from the private sector in the shea value chain.
 
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 as well as 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 20 years.
 
To know more click here
 

Project Details

Jun 2018
GCF FP Submission (first)
Aug 2018
GCF feedback/comments received on FP (first)
Mar 2020
GCF feedback/comments received on FP (last)
Apr 2020
Technical Advisory Panel feedback/comments received on FP
Aug 2020
GCF Board Approval
The Green Climate Fund (GCF) has approved a project worth 54.5 million US dollars to address the alarming deforestation and forest degradation challenges in the Northern Savannah Zone of Ghana, whilst promoting investments in the shea value chain and women’s empowerment. The ‘Ghana Shea Landscape Emission Reductions Project’, which was approved at the ongoing GCF’s 26th virtual  Board Meeting, will be implemented by the Forestry Commission (FC) of Ghana with technical support from the United Nations Development Programme (UNDP), in partnership with multiple national and local institutions, civil society organizations and private sector actors.
 
The project has leveraged vertical funds, with USD 30,100,000 grant from the GCF, about USD 15 million funding from the Government of Ghana and mobilized about  USD 9 million impact investments from the private sector in the shea value chain.
 

 

Climate-Related Hazards Addressed: 
Level of Intervention: 
Implementing Agencies & Partnering Organizations: 
Green Climate Fund
United Nations Development Programme (UNDP)
Project Status: 
Source of Funds Approval/Endorsement
Location: 
Rural
Funding Source: 
Financing Amount: 
USD 30,100,000.00

Contacts

Ms. Praise Nutakor
Head of Communications of UNDP Ghana