The target, set in 2021, formed part of the Group’s commitment to responsible banking and alignment with global net-zero frameworks.

A statement issued by the Corporate Affairs and Communications Department of the bank and copied to the Ghana News Agency in Accra said the initiative was designed to mobilise lending and investment for climate-focused projects across the Group’s operating markets.

It said RFHL had deployed approximately US$235.5 million in climate-centric financing, exceeding the original target by nearly 18 per cent, representing just over US$35.5 million.
Renewable energy remained the primary driver of climate finance activity, accounting for 46.46 per cent of total climate lending and investment.

Financing under the programme supports individuals and businesses undertaking climate-adaptive and climate-resilient projects across sectors such as renewable energy, sustainable transport, energy efficiency, sustainable agriculture, and other climate solutions aimed at promoting long-term environmental and economic sustainability.

The statement quoted Mr Nigel Baptiste, Group President and Chief Executive Officer of RFHL, as saying that, surpassing the US$200 million climate finance target demonstrated the growing appetite for sustainable finance within the region and underscored the critical role financial institutions play in supporting the transition to resilient, low-carbon economies.