• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, July 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Gains $486.2 million From Its Carbon Sale

December 14, 2022
Stephen M.Cby Stephen M.C
in Economy
0
Ghana Gains $486.2 million From Its Carbon Sale

Ghana gets $486.2million from carbon sale

Ghana, through carbon sales has acquired  $486.2 million as its first payment.

Mr. Andrew Okrah, Director of the Forestry Commission Training Center, located at Akyawkrom in the Ejisu Municipality of Ashanti, disclosed the information during the sideline of the 2022 end of year review and planning session of the Forest Research Institute of Ghana of the Council for Scientific and Industrial Research (CSIR-FORIG).

According to him, this was made possible as a result of a pilot’s project that was based on the theme, “Forestry Research for Sustainable Development”, which was initiated in the year 2010, to store carbon in some selected forest reserves in the country as one of the prospective measures to mitigate climate change.

RelatedPosts

Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

Mahama Commits to  Fix Port Bottlenecks to Drive 24-Hour Economy

Mr. Okrah further explained that, Ghana with one of the highest deforestation rates in Africa, became the third country to sign a landmark agreement with the World Bank that rewards community efforts to reduce carbon emissions from deforestation and forest degradation.

The sale of the carbon was a technique to provide an economic incentive to limit greenhouse gas emissions. It was an opportunity for Ghana to take advantage of carbon trading, he added.

“If on pilot bases such an amount could be obtained, then the sky could be a limit if seriousness was attached to projects for carbon emission reductions from the forest and land use sectors.

“Forestry Commission should work in close partnership with other stakeholders to promote the plantations of climate smart species to reduce carbon emissions in the country.”

Mr. Andrew Okrah

 Mr Okrah, in his presentation on Forest and Climate Change mentioned that, the national total forest reserve now was 6.5 million hectares, hence, efforts must be made to protect the forests.

He marveled why there were still talks about illegal mining (galamsey), illegal chainsaw, charcoal productions as some of the most common pressures causing deforestation and severe forest degradation.

Mr Okrah urged the CSIR-FORIG to bring on board measures and laws that would curb issues relating to carbon emission and climate, for the betterment of the country as a whole.

Collaboration With Small-scale Carpenters For Quality Products On The Market

Prof. Daniel A. Ofori, Director of CSIR-FORIG, highlighted on plans to collaborate with small-scale carpenters to take advantage of the Institute’s Wood and Furniture Testing Center, to ensure products on the market were of quality and international standards.

Prof. Daniel A. Ofori Director of CSIR FORIG
Prof. Daniel A. Ofori, Director of Forest Research Institute of Ghana of the Council for Scientific and Industrial Research (CSIR-FORIG)

“The Center had now been accredited for conducting tests under ISO 17025. Chairs and tables, could be tested for their durability, stability and strength to determine the life span of the products and their ability to perform the functions for which they were designed.”

Prof. Daniel A. Ofori

Prof. A. Ofori, in his conclusion communicated that, the Institute under its livelihood impactful project, trained 684 persons in snail farming, mushroom culti­vation, bee keeping, tree nursery and briquettes production which in a long run tends to minimize the pressure on the forests.

Read Also :  GIISDEC Has A Role To Play In Government’s Vision Of Value Addition To Minerals- Deputy Lands Minister

Tags: Forest Research Institute of Ghana of the Council for Scientific and Industrial Research (CSIR-FORIG)Forestry Commission Training CenterSmall-scale carpenters
Please login to join discussion
Previous Post

Ayoba Announces Major Milestone Of 20 Million Monthly Active Users

Next Post

NDC Is Fully Prepared For Saturday’s National Delegates’ Congress – Daniel Amartey

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Nigeria Mourns As Buhari Passes In London
Africa

Nigeria Mourns As Buhari Passes In London

July 13, 2025
UK Unveils £2.5 Billion Electric Car Push
UK

UK Unveils £2.5 Billion Electric Car Push

July 13, 2025
Bullgod Slams King Paluta Over Diss Song
Entertainment

Bullgod Slams King Paluta Over Diss Song

July 13, 2025
EU Launches Preparedness Union Strategy
Europe

EU To Suspend Retaliatory Tariffs On US Goods

July 13, 2025
Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion
Economy

Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion

July 13, 2025
Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu
General News

Government Launches Accountability Series to Deepen Transparency

July 13, 2025
Nigeria Mourns As Buhari Passes In London
Africa

Nigeria Mourns As Buhari Passes In London

by Lawrence AnkutseJuly 13, 2025
UK Unveils £2.5 Billion Electric Car Push
UK

UK Unveils £2.5 Billion Electric Car Push

by Lawrence AnkutseJuly 13, 2025
Bullgod Slams King Paluta Over Diss Song
Entertainment

Bullgod Slams King Paluta Over Diss Song

by Esther Korantemaa OffeiJuly 13, 2025
EU Launches Preparedness Union Strategy
Europe

EU To Suspend Retaliatory Tariffs On US Goods

by Comfort AmpomaaJuly 13, 2025
Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion
Economy

Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion

by Stephen M.CJuly 13, 2025
Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu
General News

Government Launches Accountability Series to Deepen Transparency

by Evans Junior OwuJuly 13, 2025
Nigeria Mourns As Buhari Passes In London
UK Unveils £2.5 Billion Electric Car Push
Bullgod Slams King Paluta Over Diss Song
EU Launches Preparedness Union Strategy
Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion
Minister for Government Communications and Presidential Spokesperson, Felix Kwakye Ofosu
[/vc_row_inner]

Recent News

  • Nigeria Mourns As Buhari Passes In London
  • UK Unveils £2.5 Billion Electric Car Push
  • Bullgod Slams King Paluta Over Diss Song
  • EU To Suspend Retaliatory Tariffs On US Goods
  • Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.