The Forestry Commission and Tullow (oil)Ghana has signed a Memorandum of Understanding (MOU) to identify and develop carbon offset projects. The implementation of the project will enhance the conservation of existing forests and increase forest stocks in line with Ghana’s REDD+ strategy, and support the realisation of Tullow’s net zero plans on high emissions.
The Director of Climate Change, Ms. Roselyn Fosuah Adjei, said the whole discussion started in 2019 and signing the MOU commemorates the tenacity and commitment of both partners to carry the work forward.
The Chief Executive of Forestry Commission, Mr. John Allotey, said he was pleased to have Tullow Oil sign the MOU after a lot of talks, work, and commitment to achieve the desired results. He added that he hopes the project is implemented quickly as it will create economic opportunities and improve the livelihoods of the communities.
The Deputy Managing Director of Tullow Ghana, Mrs. Cynthia Lumor thanked FC and the Climate Change Directorate for their efforts and support to achieve Tullows net zero emissions plans. She added that the project which focuses on decarbonising Tullows operations will also focus on creating alternative livelihoods for the benefit of local communities.
The event was climaxed with the signing of the MOU, where the Chief Executive, under the supervision of the Manager of Legal Affairs, Mr. Michael Akowuah, signed the MOU on behalf of Forestry Commission whiles Mrs. Cynthia Lumor signed on behalf of Tullow Ghana.
The Chief Executive of Forestry Commission used the opportunity to invite Tullow Oil to the launch of the Green Ghana Day slated for March 1 2022, at the Accra International Conference Center.
