London: Deputy Chief Executive Officer of the Forestry Commission, Elikem Kotoko, has emphasized the need for stronger investment in climate action, sustainable development, and environmental protection in Ghana. He highlighted the critical role of Environmental, Social and Governance (ESG) principles in driving economic growth and resilience during his address at the Ghana-UK Summit in London.
According to Ghana Web, Kotoko asserted that ESG has evolved beyond being a mere sustainability reporting framework and is now integral to investment decisions, business competitiveness, risk management, and long-term economic resilience. He explained that climate change should be considered not just an environmental issue but also a social and governance challenge, emphasizing the need for climate action to improve livelihoods, create jobs, empower women and youth, and benefit local communities.
Kotoko showcased Ghana's forestry and climate initiatives, such as the Ghana Cocoa Forest REDD+ Programme and the Ghana Shea Landscape Emission Reduction Project, which contribute to restoring degraded lands, reducing emissions, and enhancing livelihoods. He pointed out Ghana's participation in international carbon markets and the emerging opportunities in agroforestry, ecosystem restoration, ecotourism, and biodiversity conservation.
He noted that investors are increasingly seeking opportunities that yield financial returns alongside measurable environmental and social impacts, presenting a significant opportunity for Ghana. Kotoko stressed the importance of strong governance systems, transparency, and accountability in attracting investment. He identified priorities such as increasing investment in nature-based solutions, ensuring local communities benefit from climate finance, strengthening governance systems, and encouraging private-sector involvement.
Kotoko concluded by urging stakeholders to perceive forests not only as conservation resources but also as climate, development, and investment assets, underscoring the multifaceted value of forests for Ghana's future.