| Financier | Commitments |
|---|---|
| The Forest Carbon Partnership Facility – Carbon Fund | 50.00 |
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... Show More
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
April 18, 2017
(as of board presentation)
June 6, 2019
April 14, 2020
US$ 50.00 million
Forestry Commission
2019
US$ 50.00 million
B
Not Applicable
December 31, 2025
BANK APPROVED
January 11, 2024
Finances
Financing Plan (US$ Millions)
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
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
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
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
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) Value 0.00 972456.00 10000000.00 Date June 6, 2019 June 15, 2023 December 31, 2025 Comment Payment by the FCPF Carbon Fund for CO2 Emission Reductions generated by the Program (US$) Value 0.00 4862280.00 50000000.00 Date June 6, 2019 June 15, 2023 December 31, 2025 Comment Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan and arrangements (Yes/No) Value No No Yes Date June 6, 2019 June 15, 2023 December 31, 2025 Comment Citizens reporting satisfaction with key aspects of consultation process (information available, facilities, facilitation, location, language, etc.) (Percentage) Value 0.00 0.00 70.00 Date June 6, 2019 June 15, 2023 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
N/A Value N/A N/A N/A Date June 6, 2019 January 7, 2021 December 31, 2025 Comment