By Rehoboth
IFC and Rehoboth Properties Celebrate Opening of Landmark Green Homes in Ghana
Introduction:
In a groundbreaking partnership that marks a new era in Ghanaian real estate, IFC (International Finance Corporation) and Rehoboth Properties Limited have announced the successful completion of Ghana’s first affordable housing project to receive the EDGE green building certification, a major milestone for sustainability in the country’s housing sector.
Main Content:
The certified project is part of Rehoboth’s 1,700-unit Knightsbridge community, located in Kwabenya, Accra. Built with eco-efficiency at its core, Knightsbridge features:
Energy-saving lighting and natural ventilation
Low-flow faucets and dual-flush toilets
Building materials requiring 50% less energy to manufacture, transport, and install compared to conventional materials
These innovations enable Knightsbridge residents to cut electricity and water consumption by nearly a third, significantly reducing both monthly utility costs and environmental impact.
“Rehoboth is proud to offer Ghanaians, for the first time, a triple-edged chance to save: save on purchase price, save on utilities, and save the Earth,” said Gideon Akrofi, CEO of Rehoboth Properties. “This means a lower total cost of ownership that lasts a lifetime.”
A second EDGE-certified project, the 1,400-unit Palms community, is expected to launch in late 2022, expanding Rehoboth’s footprint in sustainable development.
About EDGE & IFC’s Commitment:
EDGE (Excellence in Design for Greater Efficiencies) is IFC’s global green building certification system that helps developers design and construct resource-efficient buildings. The program launched in 2014 and now operates in 170 countries, with Ghana seeing significant uptake across various sectors, including health, retail, and finance.
“The first EDGE certification of an affordable housing project in Ghana demonstrates IFC’s commitment to supporting a greener, more inclusive post-pandemic recovery,” said Ronke Ogunsulire, IFC Country Manager for Ghana. “Green buildings are key to helping Ghana meet its climate goals under the Paris Agreement.”
About Rehoboth Properties Ltd:
Founded in 2012, Rehoboth Properties Limited is a fully Ghanaian-owned real estate company focused on delivering quality and affordable housing for both middle- and high-income earners. With a reputation for innovation, sustainability, and design excellence, Rehoboth continues to lead in redefining urban living in Ghana.
About IFC:
A member of the World Bank Group, IFC is the world’s largest development institution dedicated to supporting private sector growth in emerging markets. In FY 2021 alone, IFC committed $31.5 billion to private companies across 100+ countries to support economic development and climate resilience.
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