The International Finance Corporation (IFC), a subsidiary of the World Bank Group, has certified Excellence in Design for Greater Efficiency (EDGE) for eco-friendly housing by Ghanaian real estate company Rehoboth Properties. This is a first in the Ghanaian real estate sector to encourage the country to reduce greenhouse gas emissions, while focusing on energy and water efficiency.
New in Ghana! Rehoboth Real Estate Group’s 1,700-unit Knightsbridge community is now certified as Excellence in Design for Greater Efficiency (EDGE) by the International Finance Corporation (IFC), a member of the World Bank Group. With efficient lighting, natural ventilation, low-flow faucets and dual-flush toilets, the building in the eastern suburbs of Accra City becomes the first affordable housing project in Ghana to achieve such a certification due to its green credentials. “Green buildings for less carbon emissions, as specified in Ghana’s commitments under the Paris Agreement on climate change,” says Ronke Ogunsulire, IFC’s country manager for Ghana.
The Knightsbridge community was built from materials that require 50% less energy to manufacture, transport and install than materials used in other buildings in Accra. Welcoming the recognition, Gideon Akrofi, Rehoboth’s CEO said it was a multi-dimensional benefit. Rehoboth Palms is the second EDGE certified block. This property is composed of 1400 housing units will be inaugurated at the end of 2022.
Propelling green building investments
In Ghana, IFC has certified 12 large buildings since 2017 in the healthcare, hospitality and other sectors, and is encouraging operators to build green. Active in 170 countries,
The EDGE program was launched in 2014 under the auspices of the World Bank, with the specific mission of supporting green building construction and helping to combat climate change.
Ghana is experiencing a two million housing deficit. The Diaspora City project aims to provide green housing for Ghanaians. Buildings that meet climate standards, far from the usual pollution in cities and the noise that accompanies it.