• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Strengthening the capacity for measuring and valuing natural capital in Ghana

2 years ago
in Features, highlights, Home, home-news, latest News
2 min read
0 0
0
117
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Strengthening the capacity for measuring and valuing natural capital in Ghana

Ghana, a West African country rich in natural resources, is in the midst of a transition to holistic landscape management to benefit national wealth and the livelihoods of its people. Ghana’s wealth and sustainable development is strongly linked to natural capital – the plants, animals, air, soils, water and minerals on which the country and its people depend. Nature has been a major contributor and driver of economic growth and development. In the past 40 years, Ghana’s real GDP has quadrupled. Yet, The Changing Wealth of Nations (2021) showed that natural capital per capita peaked at $9,000 in 2014, falling more than 30% to $6,000 in 2018. Likewise, the cost of environmental degradation due to the unsustainable use of land alone was 2.8 percent of 2017 GDP. If this trend continues, it will amplify destruction of the natural resource base, disproportionately impacting the poor and increasing exposure to climate risk.

Going beyond GDP

The Government of Ghana (GoG) recognized that, despite impressive GDP growth, the degradation of nature is having an impact on the future they want for their people. As a result, they are taking strategic action, in cooperation with the Global Program on Sustainability (GPS) and the United Nations Statistics Division (UNSD), to implement the System of Environmental-Economic Accounting in order to integrate the value of nature and its services into development and investment planning.

To successfully mainstream natural capital accounting, GoG found it was not necessary to start from scratch. It was possible to build on existing alliances by first identifying active tools, structures and partnerships that were already working well, like the Cost of Environmental Degradation Working Group. They then boosted collaboration across institutions to help spread best practices and leverage knowledge among ministries. This made it possible to build capacity more quickly among the technical officers inside the different ministries.

With the right structures in place, the next step will be to improve reliability and timeliness of data. This would provide the basis for indicators required in planning, policy, and implementation programs.

Preliminary results

RelatedPosts

Domestic Debt Surpasses External Debt for the First Time in Years

Aliko Dangote Becomes the First African to hit the $30 Billion Mark

GoldBold Opens Licensing for Jewellery, Fabrication and Refinery

Already there are several promising results. Ghana is developing land and ecosystem extent accounts, ecosystem services accounts and deriving environmentally adjusted macroeconomic indicators. As a result, GoG will be able to better target landscape restoration interventions, inform land-use planning and conservation policies, and derive key indicators for monitoring and reporting.

Transitioning towards a sustainable future

As Ghana continues to make steady progress, institutional capacity to generate quantitative and qualitative information is impacting policy decisions at all levels. It is also contributing to the success of other projects like the Ghana Landscape Restoration and Small-Scale Mining Project, financed by the World Bank, with funding from IDA, PROGREEN and EGPS.

This brings Ghana yet another step closer to its national objective of strengthening the country’s foundation for a more sustainable future.

Tags: Strengthening the capacity for measuring and valuing natural capital in Ghana
No Result
View All Result

Highlights

IMF Managing Director Appoints Christian Mumssen as Director of the Strategy, Policy, and Review Department

Ethiopia’s Gold Rally Fuels Confidence in Stronger Currency

Senegal’s 2026 Debt Bill Jumps 11% After Hidden Loans Scandal

PIAC yet to see Restoration of Funding Under ABFA Despite Assurance from President Mahama

GSE Closes Slightly Lower as Composite Index Falls 0.25%

Producer Price Inflation Rises Marginally to 3.2% in September 

Trending

Business

Domestic Debt Surpasses External Debt for the First Time in Years

October 23, 2025

Domestic Debt Surpasses External Debt for the First Time in Years Ghana’s domestic debt stock has exceeded...

Aliko Dangote Becomes the First African to hit the $30 Billion Mark

October 23, 2025

GoldBold Opens Licensing for Jewellery, Fabrication and Refinery

October 23, 2025

IMF Managing Director Appoints Christian Mumssen as Director of the Strategy, Policy, and Review Department

October 23, 2025

Ethiopia’s Gold Rally Fuels Confidence in Stronger Currency

October 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.