A statement issued in Accra by the Company said the mortgage specialist intended to use its strong relationships with real estate developers to encourage the use of environmentally friendly methods in the process of home building.
It said the intention has been captured in a partnership agreement between Ghana Home Loans and IFC signed on October 4 in Accra.
The signing event was attended by officers from International Finance Corporation (IFC), a team from Ghana Home Loans and a representative of the State Secretariat for Economic Affairs (SECO) of the Switzerland Embassy.
The statement said SECO was a major donor to the EDGE programme in Ghana and throughout the world.
It said Ghana Home Loans and IFC have decided to collaborate in the recognition of its shared aspirations to move the building construction industry to a lower carbon, more resource-efficient path.
“Through the partnership, the entities will also work together to promote sustainable design practices in Ghana. This will include Ghana Home Loans recommending their customers and clients to consider EDGE certification to increase the value of their green properties,” the statement added.
An innovation of IFC, EDGE has been created to respond to the need for a measurable solution to prove the financial case for building green and help jumpstart the proliferation of green buildings.
The EDGE includes complimentary software to empower building professionals to quickly and easily determine the most cost-effective ways to build ‘green based on occupant behavior’, building type and the local climate.
Mr Kojo Addo-Kufuor, Chief Operating Officer, signing on behalf of Ghana Home Loans, reiterated that the company remained committed to supporting innovations that drive sustainability in the local construction industry.
He said “EDGE gives true and tangible meaning to environmentally friendly construction. Ghana Home Loans is pleased to be able to play a leading role in this process and shall proactively bring this exciting tool to our partners directly involved in home building.”
Mr Addo-Kufuor also said that a logical next step would be the issuance of Green Bonds to provide competitive financing to developers who deploy environmentally friendly methods in their construction processes.
Mr Prashant Kapoor, IFC’s Principal Green Building Specialist and Inventor of EDGE said “Ghana Home Loans is setting an example for others to follow by being the first to express their commitment to EDGE and encouraging green building growth.”
“With the support of the financial sector and pioneers such as Ghana Home Loans who have embraced EDGE, together we can transform the future built environment in Ghana,” he added.
The IFC’s aim is to transform 20 per cent of the construction market in rapidly industrializing countries with the support of industry leaders, governments and financial institutions.
Resource-efficient buildings and provide a tangible value that can be passed from property developers to their customers through utility savings.
Green buildings also have less negative impact on the environment and reinforce a more sustainable corporate brand. They also enable homebuyers to make a difference through choosing green homes for their families, which have the potential for higher re-sale values.
He said IFC has a green building investment portfolio of more than $3 billion, which includes its own direct investments and mobilized financing.
He said complementing its investment work; IFC advises governments on green building regulations in Bangladesh, Colombia, Costa Rica, Indonesia, Panama, Peru, the Philippines and Vietnam.