Ghana Receives $9.7m Climate Investment Funds For Forestry Expansion

2 October 2013

Ghana has secured an amount of $9.75 million from the Climate Investment Fund (CIF) to undertake a forestry programme, the African Development Bank (AfDB) who supported the country announced October 1, 2013.

The funds came from CIF’s Forest Investment Programme (FIP). According to the AfDB, the funds will enable Ghana to undertake the Engaging Local Communities in REDD+/Enhancement of Carbon Stocks (ELCIR+) project which will help reduce deforestation and forest degradation, increase carbon stocks and reduce poverty by engaging communities in land management approaches that generate financial and environmental benefits for them.

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