Ghana’s SMEs Adopt Green Financing

Why this is here: Businesses in Ghana report energy cost reductions of up to 30 percent after transitioning to renewable energy sources, improving profitability over time.

Stanbic Bank Ghana is partnering with businesses to increase access to green financing across the country. The bank reframes lending to invest in the long-term viability of Ghana’s private sector, which generates over 70 percent of employment. Small and medium-sized enterprises are slowly adopting cleaner energy solutions, reporting up to 30 percent reductions in energy costs after switching to renewable sources.

Through collaboration with the Development Bank of Ghana, Stanbic Bank co-creates blended financing models with lower risk and extended repayment terms. These partnerships also connect businesses with renewable energy providers for complete support, from installation to maintenance. Manufacturing, agribusiness, and hospitality sectors are seeing benefits, including increased productivity and reduced overhead.

Awareness of available financing options remains a challenge for some business owners. Stanbic Bank continues to engage with SMEs and share success stories to close this gap and encourage wider adoption of sustainable practices. The work continues to support Ghana’s energy transition goals.