Expanding Electrification to Low-income Households in Rural Ghana with Microfinance
In Ghana, blended finance helped improve affordability for rural Ghanaian household investments in off-grid renewable energy technologies. Local banks extended credit blended with concessional finance from the World Bank to rural low-income households for acquisition, installation and maintenance of solar home systems (SHSs). An output-based aid (OBA) grant was provided to reduce the up-front cost for SHSs, and enhance affordability of the financing package
This learning note is part of a series developed by the Global Partnership on Output-Based Aid (GPOBA) to analyze and showcase experiences where results-based finance (RBF) has been used to leverage private finance through a blended finance approach.