in

World Bank approves US$103 million to reverse Ghana’s land degradation

Menu

Log In

World Bank approves US$103 million to reverse Ghana’s land degradation

BusinessGhanaHeadline

World Bank approves US$103 million to reverse Ghana’s land degradation

The Ghana Landscape Restoration and Small-Scale Mining project will focus on land-use planning for integrated landscape management and promote sustainable mining among others

 4,789 2 minutes read

 World Bank Country Director for Ghana, Pierre Frank Laporte

The World Bank has approved US$103.4 million for Ghana to reverse degradation of about three million hectares of degraded landscapes and strengthen the country’s integrated natural resource management.

The Ghana Landscape Restoration and Small-Scale Mining project will focus on land-use planning for integrated landscape management and promote sustainable mining by helping formalize artisanal and small-scale mining, with over 250,000 people as direct beneficiaries.

A statement issued by the World Bank on Tuesday (31 August) said the project would be working with communities of the northern savannah zone and the cocoa forest landscape.

It said the cost of environmental degradation in Ghana due to unsustainable use of land for agriculture, forests, and mining stood at 2.8 percent of GDP (2017).

The statement said if the current natural resource extraction persisted, Ghana would see her natural resource base destroyed over the long term, with fewer opportunities to sustain growth and shared prosperity.

“The project will help boost post-COVID-19 economic recovery, create jobs and secure livelihoods in some of the poorest parts of Ghana by focusing on agricultural productivity, ecosystems management and sustainable small-scale mining,” said Pierre Laporte, World Bank Country Director for Ghana.

The project  would also support sustainable land, water, and forest management activities in the climate vulnerable target landscapes.

“The project aims to place landscapes and mining sector management on a path that would transition from degraded landscapes, poverty, and low productivity toward one of resilient landscapes that optimise the ecosystem functions for better livelihoods and more sustainable economic returns,” said  Sanjay Srivastava, World Bank Practice Manager, Environment, Natural Resources and Blue Economy.

Women’s role

The statement said the project would also enhance women’s role in local-level forest and landscape management activities, and create better income-generating opportunities.

“This joint project aligns with the World Bank’s Forest-Smart Mining Initiative and will promote forest-smart interventions in the artisanal and small-scale mining sector and strengthen regulatory compliance and sustainable mining practices,” said Zubin Bamji, World Bank Acting Practice Manager, Energy and Extractives Global Practice.

The financing includes an IDA credit of $75 million and $28.4 million in grants from the Global Environmental Facility, the Extractive Global Programmatic Support, and the Global Partnership for Sustainable and Resilient Landscapes (PROGREEN) multi-donor Trust Funds.

Written by Web Master

NPP to face NDC in football match on September 4

How we intercepted 1 million extra ballots for the Ashanti region – Afriyie Ankrah