Ghana Emissions Reductions Program

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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 World Bank Group's (WBG) corporate goals to end extreme poverty and to promote shared prosperity with environmental, social, and fiscal sustainability, and with the Country Partnership Strategy (CPS) for FY13-FY16 which aims to assist Ghana in the transition to middle-income status. The Carbon finance transaction is part of a broader engagement of the Bank to support Ghana’s REDD+ agenda. The ER Program of the GCFRP aligns with multiple government policies, and has been developed in accordance with the methodological framework of the FCPF Carbon Fund (CF). The ER Program implementation period would be from June 2019 to December 2025.