CIPA charts green bond path to close Ghana’s renewable financing gap

Mr Bright Yamoah, Chief Financial Officer of CIPA Holdings Group, said the company was already financing commercial and industrial (C&I) solar and battery energy storage system projects through local-currency Solar as a Service arrangement requiring no upfront capital from clients.4, GNA –CIPA Holdings Group has outlined plans for a cedi denominated green bond programme to mobilise long-term local capital for renewable energy projects and help bridge Ghana’s financing gap.

Mr Osei-Sarpong advocated local-currency financing instruments to reduce foreign exchange exposure, while noting that pension funds represented a significant pool of long-term capital that could support energy investments.