• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Republic Bank advocates for Green bonds for green buildings and mortgage financing

5 years ago
in Banking & Finance, Business, Editor's pick, highlights, Home, latest News, Real Estate
2 min read
0 0
0
109
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Republic Bank Ghana Limited has advocated for issuance of a Green Bond to 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 Program and supported by the Embassy of Denmark.

Speaking on behalf of the Bank, the General Manager for Risk Management, Bernard Gyebi said Green Building is the future of home construction as the world is increasingly witnessing unfavourable climate change.

He added that one of the key focus of the UN’s Sustainable Development Goals (SDGs) is to protect the environment.

He also indicated 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”.

He, therefore, proposed “Green Mortgage” loan products which will enable members of the public access affordable mortgage facilities that are subsidized by the Government to buy properties that are approved as environmentally friendly, utilise clean energy and nurture the green environment.

RelatedPosts

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

“Just as the Government has partnered banks to offer affordable mortgage rates to public sector workers, I believe in its effort to promote SDGs, the Government should partner the banks by providing subsidies on loans to finance houses that qualify to be green or nature friendly.

“Banks, working with the estate developers and Government, can come out with clear benchmarks on features or fittings of houses that qualify to be green. In addition, the Government’s affordable housing projects should also focus on promoting green buildings,” Mr Gyebi added.

Supporting the proposal by the General Manager of Risk Management, the Manager of Mortgage Business of Republic Bank, Frank Oppong-Yeboah also made a strong case for the issuance of a Green Bond by government or through Public-Private Partnership to raise long-term financing for Green Buildings and Green Loan Products.

According to him, on the International Scene, Green Bond issuance accumulated $161 billion worth of investments worldwide according to International Rating Agency Moody’s.

“There is a lot of investment opportunities in Green Bond issuance and we think it is time we step forward to do it,” Mr Oppong-Yeboah added.

A Green Bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

The Ghana Green Building Summit was organized by Yecham Property Consult in conjunction with the IFC–EDGE Program and supported by the Embassy of Denmark.

The aim of this summit is to reduce the negative impact of real estate projects on the environment whilst conserving natural resources.

Also speaking at the summit was the Housing Minister Samuel Atta Akyea, Accra Mayor Mohammed A. Sowah, the Head of Trade at the Royal Danish Embassy and other distinguished speakers in the fields of Building, Energy, Environmental and Climate Change

Tags: Bank of GhanaCentral BankGreen BondsHousing DeficitReal EstateRepublic Bank
No Result
View All Result

Highlights

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Trending

Features

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

October 22, 2025

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason The 2025 MLS Cup playoffs kick off...

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

October 22, 2025

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

October 22, 2025

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

October 22, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.