Project
Form Ghana is a forest plantation management company that actively restores approximately 20,000 hectares of degraded Forest Reserves with forest plantations and natural forest restoration. The company was established in 2007 and has planted over 11,000 ha with teak and indigenous species. Form Ghana commenced with teak roundwood production and sales in 2015. Approximately 1,000 staff are employed. The company obtained a FSC™ certificate for its sustainable forest management in 2010 and has carbon credits validated and verified under the Verified Carbon Standard (VCS) since 2013. Form Ghana is a leading forestry company in West Africa, demonstrated by its scale, sustainability certifications, a Public Private Partnership with the Ghana Forestry Commission and several Ghanaian business awards.
Our role
Form International has been responsible a.o. for the establishment of the company, full roll-out of land leases, tree nurseries, plantations, silvicultural systems, operational sites, infrastructure, FSC™ and VCS certification, ESIA’s, business and financial modelling, capacity building, etc. A unique blended financing of equity, debt (African Development Bank and Forest Investment Program) and grant funding was raised and deployed.
Results
- ~20,000 hectares of land leased (2007-2020)
- ~11,000 hectares reforested (2008-2020)
- FSC certified (2010)
- VCS certified (2013)
- Innovative PPP with Government of Ghana established (2013)
- ~1,000 staff employed
- US$ 50 Million blended finance raised (private equity, African Development Bank loan, grants)
