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Hilbroy Advisory: CIDA, World Bank vote $17 million to combat desertification in Ghana
Hilbroy Advisory: CIDA, World Bank vote $17 million to combat desertification in Ghana
The Science and Environment Minister said forest particularly in the Agriculture and Forestry sectors was responsible for about 40 per cent of the world’s economy.
Montreal,
Quebec,
Canada
(prbd.net)
20/06/2011
Montreal, Quebec, June 17th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: The Canadian International Development Agency and the World Bank have voted $17 million to assist Ghana to combat desertification and drought.
Half of the amount which is $8.5 million came from CIDA while the remaining half came from the World Bank.
The Environmental Protection Agency would be given $2.5 million to carry out its environmental protection activities while another $5.0 million would be pushed into the national fight against desertification project.
Ms Sherry Ayitey, Minister of Environment, Science and Technology made this known at a durbar to mark the 2011 World Desertification Day Celebration held at Wechiau in the Wa West District of the Upper West Region.
The occasion was on the global theme: “Forest Keep Dry lands Working.”
Personnel from the EPA in collaboration with CIDA, Regional Co-ordinating Council and the Wa West District Assembly are planting a total of 10,000 seedlings comprising mahogany, moringa, cashew and mango seedlings along the banks of river Volta.
Ms Ayitey noted that forest and dry lands were the focus of the 2011 World Day to Combat Desertification, stressing that the Upper West, Upper East and Northern Regions Constituted the dry land areas and the most seriously affected desertification prone areas in Ghana.
She said dry lands and forest resources have great socio-economic and ecological importance to the survival and well being of the people especially in the three Northern Regions.
She said promoting ways to use forest biodiversity in a sustainable way with clear solid and economic benefits for the poor was the purpose for which the forest must be preserved.
The Science and Environment Minister said forest particularly in the Agriculture and Forestry sectors was responsible for about 40 per cent of the world’s economy.
She said 70 percent of the world’s poor living in rural areas depended directly on the forest for their survival.
In addition, about 350 million people depended on forest for their income while about 1.2 billion people relied on agro-forestry farming systems, according to a 2004 World Bank report.
According to Ms Ayitey human factors such as poverty, population growth, poor economic performance, declining standard of livelihoods of farming communities and close dependence of forest and woodlands hindered the realization of the full potentials and benefits of dry land and forest resources.
She therefore urged the people to plant trees and nursed them to keep dry lands forested for posterity.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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