The Environmental Protection Agency (EPA) is working on plans for regulating environmental services, but no formal system has been proposed yet. With the emergence of REDD as an important climate change mitigation measure, as well as the development of carbon trading, the ownership of carbon in forest areas has come up for discussion within Ghanaian civil society, but there is currently no clear basis. This should be an area of focus for legislative reform.
In July 2010 Ghana was approved as a pilot country for the Forest Investment Program (FIP) as part of the Strategic Climate Investment Funds. The Forestry Commission anticipates that $70 million will be allocated to fund carbon projects. The final draft of the FIP plan was published in April 2012. It refers to improving forest governance and recognises that underlying factors, such as tree tenure, carbon rights and benefit sharing, directly relate to policy and legislation, but it does not set out a process or make a commitment to specific reforms in the legal and regulatory framework on carbon rights.
Different institutions other than the forest authorities are responsible for different services provided, but there is no coordination of efforts. For instance, the Water Resources Commission has responsibility for water resource allocation and charges fees for water abstraction but there is no collaboration with the Forestry Commission on the management and protection of the water sources.