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.
Financing flows and institutions receiving funds committed for REDD+ activities in Ghana:
The first recipients receiving funding for REDD+ activities in Ghana are predominantly based in Ghana. 96% of funds committed in the period from 2009 to 2012 have been directed towards funding REDD+ activities through the government of Ghana, with the Forest Commission, the Forestry Research Institute of Ghana and the Ministry of Lands & Natural Resources all scheduled to receive funds. Ghanaian NGOs and Academia are scheduled to receive an additional 2.3% and International NGOs and Academia are to receive 1.3%.
Since 2010, the government of Ghana has received the majority of commitments. In 2012, the amount of funding committed to government increased from US$6.8 million in 2011 to more than US$86 million in 2012. This increase is the result of the FIP and government co-financing.