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Ghana Emissions Reductions Program

Abstract*

The development objective of Cocoa Forest REDD+ Program Project for Ghana is to make payments for measured, reported and verified emission reductions related to reduced deforestation, forest degradation and the enhancement of forest carbon stocks (ER payments) in targeted landscapes of Ghana, and to distribute ER payments in accordance with agreed-upon benefit sharing plan. This Emission Reductions program (ER Program) is fully consistent with the...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To make payments to the Ghana Cocoa Forest REDD+ Program (or ‘the Program’) for measured, reported and verified Emission Reductions related to reduced deforestation, forest degradation and the enhancement of forest carbon stocks (ER payments) in target landscapes of Ghana (or ‘Program Area’), and distribution of ER payments in accordance with agreed-upon Benefit Sharing Plan.

Key Details

Project Details

  • P160339

  • Active

  • Madhavi Pillai , Ngao Mubanga

  • Ministry of Finance

  • Ghana

  • April 18, 2017

  • (as of board presentation)

    June 6, 2019

  • April 14, 2020

  • US$ 50.00 million

  • B

  • Not Applicable

  • December 31, 2025

  • BANK APPROVED

  • January 11, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
The Forest Carbon Partnership Facility – Carbon Fund 50.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 50.00
Total Project Cost** 50.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2024-12-20
Procurement Satisfactory 2024-12-20
Financial Management Satisfactory 2024-12-20
Monitoring and Evaluation Moderately Satisfactory 2024-12-20
Overall Implementation Progress (IP) Moderately Satisfactory 2024-12-20
Project Management Moderately Satisfactory 2024-12-20

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Volume of CO2e Emissions Reductions that have been measured and reported by the Program Entity, verified by a Third Party, and transferred to the FCPF Carbon Fund (tCO2e)Value0.00972456.0010000000.00
    DateJune 6, 2019June 15, 2023December 31, 2025
    Comment
  • Payment by the FCPF Carbon Fund for CO2 Emission Reductions generated by the Program (US$)Value0.004862280.0050000000.00
    DateJune 6, 2019June 15, 2023December 31, 2025
    Comment
  • Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan and arrangements (Yes/No)ValueNoNoYes
    DateJune 6, 2019June 15, 2023December 31, 2025
    Comment
  • Citizens reporting satisfaction with key aspects of consultation process (information available, facilities, facilitation, location, language, etc.) (Percentage)Value0.000.0070.00
    DateJune 6, 2019June 15, 2023December 31, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • N/AValueN/AN/AN/A
    DateJune 6, 2019January 7, 2021December 31, 2025
    Comment