Skip to main content

Ghana Secures $30 Million Grant for Forest Conservation


 The Government of Ghana has signed a Letter of Intent with the Government of the United Arab Emirates (UAE) for a grant of $30 million.

The grant will provide additional and alternative livelihood support to forest fringe communities as an incentive for them to engage in enhanced forest protection, forest restoration and reforestation.

This forms part of efforts by the government to achieve the biodiversity and climate objectives under the Resilient Ghana Package launched at COP28 in Dubai, last year.

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, who signed on behalf of Ghana last Friday, reiterated the government’s commitment to developing strategies to restore habitats, protect endangered species and promote resilient ecosystems.

He noted that though the challenges were daunting, through collaboration and a shared vision, Ghana could develop sustainable solutions that benefit not only the country but the entire global community.

He expressed appreciation to the Government of the UAE and all those who have been involved in the negotiations and discussions that led to the signing of the agreement, adding that Ghana will develop the necessary strategies to achieve the objectives of the Resilient Ghana Package.

 
On her part, UAE’s Minister for Climate Change and Environment, Dr. Amna Al Dahak, stated that UAE’s partnership with Ghana demonstrates the country’s focus on addressing global challenges related to biodiversity, climate and development.

This collaboration underscores the UAE’s commitment to the goals outlined in the UAE Consensus, which call for ending and reversing deforestation by 2030, as well as emphasizing the importance of protecting and preserving biodiversity. The UAE’s investment in Ghana will not only bolster the country’s afforestation efforts but will also create a broader positive impact on local communities. By supporting a comprehensive set of initiatives aimed at forest protection and enhancement, the UAE aims to strengthen local livelihoods and foster greater community engagement,” she said

She noted that the partnership demonstrates the UAE’s global leadership in addressing critical environmental and development priorities and reaffirms the UAE’s resolve to tackle pressing issues at the intersection of climate, nature and community well-being.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...