Fidelity Bank Ghana has launched the Fidelity Green Lending Fund (GLF), a dedicated financing facility designed to accelerate climate-smart initiatives across the country.
This pioneering initiative aims to provide businesses operating within Ghana’s growing green economy with access to concessionary financing, enabling them to expand operations while promoting environmental responsibility.
The Green Lending Fund offers tailored financing to businesses whose operations reduce environmental harm, promote sustainability, and contribute to inclusive economic growth. Financing ranges from GH¢50,000 to GH¢10 million, with a maximum tenor of five years. The fund is priced at the Ghana Reference Rate minus up to 5% per annum, making it accessible for businesses seeking long-term growth in a sustainable manner.
Mr Julian Opuni, Managing Director of Fidelity Bank, described the fund as a tangible manifestation of the bank’s vision to build a sustainable future. He stated, “The transition to a sustainable economy is a global imperative and a local necessity, especially for Ghana’s long-term resilience.”
“At Fidelity Bank, we recognise that green businesses, whether they are solving challenges or pioneering initiatives, often face hurdles in accessing patient and affordable capital. The Green Lending Fund is our answer to that challenge. It provides the financial fuel that inclusive, climate-smart economic growth requires. By supporting these businesses, we are fostering long-term partnerships built on high standards of governance and ethics.”
Mr Julian Opuni
Who Can Access the Fund
The GLF is open to two broad categories of businesses. First, green start-ups that have been operational and generating consistent cash flow for at least one year. Second, established businesses across corporate, business banking, and SME segments.
Eligible sectors include renewable energy such as solar and biogas, sustainable agriculture, forestry, water management, waste recycling, green construction, clean transportation, cleaner manufacturing technologies, and circular economic activities.
Nana Yaa Afriyie Ofori-Koree, Head of Partnerships, Sustainability, and CSR at Fidelity Bank, emphasized the intentional design of the product to incentivize high-impact sectors.
“We designed the Green Lending Fund to be a catalyst. The goal is to offer concessionary pricing and longer tenors, which will ultimately de-risk the green sector for entrepreneurs. This fund is structured to support businesses that are making a measurable difference.”
Nana Yaa Afriyie Ofori-Koree
To ensure that the funds flow to businesses truly aligned with national climate goals, Fidelity Bank has established the Green Finance Review Committee. This body conducts a rigorous review process for all applicants, evaluating their impact on sustainability and adherence to the Ghana Green Finance Taxonomy (2024).
“Our rigorous review process, led by the Green Finance Review Committee, ensures that funds flow to projects that are truly aligned with national climate goals. Our objective is to prove that profitability and environmental stewardship can, and must, go hand in hand.”
Nana Yaa Afriyie Ofori-Koree
Driving Ghana’s Green Economy
The launch of the Green Lending Fund is a key example of how financial institutions can act as engines for sustainable growth. By providing affordable and long-term financing to green businesses, Fidelity Bank is supporting Ghana’s transition to a cleaner, more resilient economy.
The initiative also aligns with key Sustainable Development Goals, including affordable and clean energy, industry innovation, and climate action. This approach ensures that businesses not only achieve profitability but also contribute meaningfully to societal and environmental progress.
Fidelity Bank’s GLF comes at a time when businesses are increasingly recognizing the importance of sustainability. By facilitating access to concessional finance, the fund removes one of the main barriers for green businesses in Ghana, which often struggle to secure long-term funding at favorable rates.
A Vision for the Future
With this fund, Fidelity Bank continues to demonstrate leadership in sustainable finance, setting a benchmark for the financial sector in Ghana. Julian Opuni concluded,
“The Green Lending Fund is our answer to that challenge. It provides the financial fuel that inclusive, climate-smart economic growth requires. By supporting these businesses, we are fostering long-term partnerships built on high standards of governance and ethics.”
The Green Lending Fund marks a significant milestone for both Fidelity Bank and Ghana’s green economy. By providing accessible, concessionary finance to businesses that prioritize sustainability, the bank is enabling innovation, promoting environmental stewardship, and supporting inclusive economic growth.
As Ghana continues to focus on building a resilient, climate-smart economy, initiatives like Fidelity Bank’s Green Lending Fund will play a crucial role in shaping the future of business and finance in the country.
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