$10m in Investment Funds for Ghana Forest Management

Tuesday, 1 October, 2013

$10m in Investment Funds for Ghana Forest Management

An announcement from the African Development Bank (AfDB) today outlines the $9.75m approved by the Climate Investment Funds (CIF) to work with local communities in Ghana to manage forestry. A planting programme allocating seeds and equipment to around 12,000 people (half of which will be allocated to women) will be initiated to develop forestry and agroforestry. Topsoil erosion and unlimited deforestation has brought devastation to large parts of Africa, Australia and the US. We had to look 'Agroforestry' up, and with no particular surprises Wikipedia says it's this:

“Agroforestry is an integrated approach of using the interactive benefits from combining trees and shrubs with crops and/or livestock. It combines agricultural and forestry technologies to create more diverse, productive, profitable, healthy, and sustainable land-use systems. A narrow definition of agroforestry is "trees on farms."

WHY IS THIS INTERESTING? A small-scale version of the CIF-sponsored initiative could be set up as a useful component of a CSR programme. It creates a diversified economy, creates sustainable woodland/crops and - while experience in projects would need to be sorted - CAPEX remains low.

Further details about the fund and the programme:

About the Climate Investment Funds (CIF)

Established in 2008 as one of the largest fast-tracked climate financing instruments in the world, the $7.6 billion CIF provides developing countries with grants, concessional loans, risk mitigation instruments, and equity that leverage significant financing from the private sector, MDBs and other sources. Five MDBs – the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB) and World Bank Group (WBG) – implement CIF-funded projects and programs.

The project has four components:

  • Support for community restoration of degraded off-reserve forests and agricultural landscape: resulting in rehabilitated forest and woodlots, operational guidelines for off-reserve forest management and benefit-sharing, forests and sacred groves conserved, and wildfire management plans implemented.
  • Promoting climate-smart and environmentally responsible cocoa and agroforestry systems: resulting in an increase in hectares under agroforestry, and more farmers employing improved fallow management practices.
  • Support for community alternative livelihoods and capacity-building for government and local communities: resulting in an increased number of communally managed enterprises, more trained staff and beneficiaries, and knowledge management studies.
  • Support for project management and Monitoring & Evaluation: resulting in more timely reports and audits, and strengthened forestry M&E.”

http://www.afdb.org/en/news-and-events/article/ghana-set-to-increase-community-engagement-and-transform-its-forestry-sector-with-project-awarded-nearly-10-million-12319/

Another link listing CIF projects in Africa:

http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/climate-investment-funds-cif/

ENDS

Image courtesy of Dan/freedigitalphotos.net