This case study addresses the current capacity in Ghana and the capacity
necessary to participate in an evolving carbon market by focusing on
four fundamental areas:
1) Institutional capacity: Are the right entities in place and
empowered to act? Are the appropriate institutional frameworks in place?
Political leadership is included in this section
2) Policy level capacity: How can cross governmental policy measures be
utilised to support carbon market participation?
3) Capacity for data management (MRV and technical capacity): How will
Ghana accumulate and manage the data necessary for greater carbon market
4) Financial Capacity: Is there adequate opportunity and capacity in
the market to attract public/private sector capital to support the
development of the carbon market?
Bearing in mind that Ghana has yet to register a single CDM project,
this paper focuses on both the capacity necessary for participation in
the current CDM, as well as the evolving new market mechanisms,
Additional financial, technical and human capacity is needed at all
levels to ensure that Ghana is well positioned to develop all of its
carbon market opportunities
A high level of government intervention is not necessary for
participation in the current CDM due to the fact that it is an emitter
level mechanism that relies on project developers and the private
sector for data collection and project implementation
The Ghanaian government has recently committed to building the
institutional capacity necessary for the enhanced data management
required for the more advanced national level mechanisms in order to
position itself to receive the scaled up finance that has been
earmarked for developing countries with progressive adaptation and
The case study concludes by making recommendations for actions that can
be taken to increase Ghana’s participation in the CDM (as it looks now
and as it may evolve) and, over time, new market mechanisms.