Back
Offer green mortgage loan products to enable Ghanaians buy environmentally-friendly properties
Aug 6, 2020
Republic Bank Ghana has said offering of “green mortgage” loan products will enable Ghanaians access government’s subsidised mortgage facilities to buy environmentally-friendly properties to “utilise clean energy and nurture the green environment.”
According to the bank, which is a subsidiary of Republic Financial Holdings limited, an issuance of a Green Bond in Ghana will raise long-term financing for green-building construction by developers and green mortgage financing.
This was proposed when the bank participated in the virtual Ghana Green Building Summit organised by the Yecham Property Consult in conjunction with the IFC–EDGE Programme and supported by the Embassy of Denmark.
Speaking on behalf of the bank, General Manager of Risk Management, Bernard Gyebi noted that green building is the future of home construction, as the world is increasingly witnessing unfavourable climate change.
Mr Gyebi reiterated that one of the key focuses of the UN’s Sustainable Development Goals (SDGs) is to protect the environment.
He also stated that one of the lasting effects of the COVID-19 pandemic will be the “new normal” of physical and social distancing.
“This means more people will be seeking accommodation. While this is good for real estate and mortgage businesses, it also means that building infrastructure will be competing more with nature”.
0Shares
0Comments
0Favorites
0Likes
Say something to impress...
Loading...
Comments
Hot

No content at this moment.

Relevant people
Ghana Radio Link
9026 Followers
Your Credible And Authentic News Hub
Related