Ghana is reported to have one of the highest deforestation rates in Africa at around 2% per year. 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 developed a REDD Readiness Preparation Note (R-PIN), which was approved in July 2008 and a REDD Readiness Preparation Proposal (R-PP), which was signed in August 2009. More recently, Ghana produced a draft investment plan for the FIP. This FIP funding will be reported as part of the 2012 data later this year.
Main donors, levels of funding committed and disbursed to Ghana between 2009 and 2011:
The chart shows the actual amounts donors have disbursed as of 2012. The percentage disbursed in relation to the amount committed varies from 100% to 0%. However, the majority of listed donors tend to have a disbursement percentage greater than 65%.
Donor government agencies, International NGOs/Academia, Private foundations and the Private sector have disbursed majority of their commitments. Local Government agencies, such as The Forestry Commission (FC) and FORIG, have also disbursed a large amount of their commitments (66% and 60%, respectively), but the Ministry of Lands & Natural Resources of Ghana has yet to disburse any commitments.
Multilateral Institutions also have slow disbursements rates. The World Bank’s FIP and the African Development Bank (AfDB) have not disbursed any funds, and The World Bank’s FCPF has only disbursed 12%. ITTO is the only multilateral Institution to disburse its total commitment.
The map gives a geographic distribution of the main countries and donors committing funds to Ghana and cumulative support per donor country. Multilaterals and other types of internationally-based donors are not attributed with a fixed geographical location.
Multilateral Institutions have made the largest commitments (US$54.3 million), accounting for 51% of total commitments to Ghana. The Government of Ghana is second largest donor entity, committing US$39.2 in co-financing and accounting for 37% of total commitments during the 2009-2012 period.