Calbank in collaboration with Sustainable Use of Natural Resources and Energy Finance (SUNREF) have urged stakeholders to go into green projects to save money and the environment.
The bank would be offering loans to companies, organisations, individuals and households who intend to embark on any green projects in their offices or homes.
During the Calbank Business Clinic yesterday, the green financing project was outdoored at the best Western Plus Atlantic Hotel, Takoradi with a call on all businesses stakeholders to venture into green Projects admist Global Warming.
The programme aims to develop and consolidate a financing market for green investments in the area of energy efficiency, renewable energies and environmental services.
Peter Forjour, Group Head Consumer and Retail banking, explained that global warming has started affecting Western region, ”for example Takoradi used not to flood but today the story is different therefore it has become significant for customers to gravitate toward green projects as business expands to reduce expenditure. Recently electricity company of Ghana hinted for a 148% increase in Tariff therefore a business like cold store should be moving towards energy efficiency by investing into solar energy to save more”.
He assured customers not to be worried about financing since the banks partnership with SUNREF has made it possible for financing and availability of green products to be accessible to customers with a flexible term of payment.
Abraham Nsane, Relationship Manager, Corporate and Insitutional Banking, assured customers of available financing and flexible term of payment for customers.
Advising clients on viable projects that can easily attract funding from the bank, he urged people to go into projects that have the potential of saving 20% of energy or its total cost. According to him 3 to 8million dollars available to customers of the bank and 10% of grant is also expected to be given to customers who will follow the guidelines towards executing the project while the grant that could be used by the client to offset some part of the loans.
Abraham Nsane, cautioned participants on the need to adjust to current climate change and the need for individuals to direct their efforts towards conserving the environment.
Advising on efficiency of buildings he spoke about the use of conversation of power ,harvesting of rains, water and use of bore holes to cut cost and sustain the environment.
Daniel Appiah, Head, SME and business Banking Calbank, speaking on Calbank’s Green Financing Options, he urged business owners to appreciate global warming and insure their business against any eventuality.
He further adviced business owners to have adequate knowledge in any business they prefer to venture into to avoid shocks and collapse when economic dynamics swing.
The program brought together business stakeholders from every part of the Western Region.
