This case study is part of a series to highlight project components that have enabled GPRBA to successfully deploy results-based finance (RBF) approaches for the provision of basic services to low-income communities,with efficiency, transparency and accountability.
Ghana provides electricity for 83% of its population, the second highest rate in Sub-Saharan Africa, but connecting isolated areas to the grid has proved very difficult. The solution: investing in solar-powered mini-grids like this one, built with support from IDA, the World Bank Group's fund for the poorest.
Imagine if you could bring private sector resources and skills to social projects. Impact Bonds (IBs) are an innovative Results-Based Financing (RBF) mechanism that tie financial returns and payments to specific results incentivizing investors and service providers.