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AFD AND GCB BANK PLC SIGN CREDIT FACILITY AGREEMENT ON REWABLE ENERGY AND ENERGY EFFICIENCY

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The Agence Française de Dévelopement (AFD) and the GCB Bank Plc on May 25, 2022 signed a USD 13.7 million Credit Facility Agreement and a EUR 1 million Grant Financing Agreement to support local businesses towards the development of Energy Efficiency and Renewable Energy projects under the Sustainable Use of Natural Resources and Energy Finance (SUNREF) Programme in Ghana. Through this partnership with GCB Bank Plc, SUNREF Ghana will continue to offer competitive loans and technical assistance for structuring green investments to companies, organizations, individuals and households. The objective of the SUNREF Programme is to mobilize Ghanaian financial institutions such as GCB Bank Plc and Calbank, to finance private sector investments in green technologies, especially in the Renewable Energy and Energy Efficiency segments in Ghana with up to 10% grant on the loan after project completion and verification. The Energy Commission is hosting the SUNREF Programme in Ghana.

Source:energycom.gov.gh

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