In a keynote address to the Global Alliance for Banking on Values (GABV) Africa Chapter Meeting, the Bank of Ghana outlined how it is using regulation, incentives and industry collaboration to promote values-based banking, with a focus on embedding environmental, social and governance (ESG) considerations in banking practice. The central bank pointed to regulations and incentives aimed at ESG compliance, social finance and sustainability reporting, and highlighted its Sustainable Banking Principles, which are being implemented by all banks to integrate ESG factors into lending and operational decisions. The framework was developed with the Environmental Protection Agency and the Ghana Association of Banks, and training for all banks has been facilitated with support from the International Finance Corporation. The Bank of Ghana also cited a strategic partnership with the Chartered Institute of Bankers Ghana that has produced a banking sector Code of Conduct and an e-learning programme to promote ethical standards and professionalism, in the context of efforts to restore trust and curb fraud.
Bank of Ghana 2025-09-18
Bank of Ghana sets out ESG and ethics initiatives including Sustainable Banking Principles for all banks
At the Global Alliance for Banking on Values Africa Chapter Meeting, the Bank of Ghana highlighted its use of regulation, incentives, and collaboration to promote values-based banking with a focus on ESG integration. It emphasized its Sustainable Banking Principles, developed with the Environmental Protection Agency and the Ghana Association of Banks, supported by the International Finance Corporation. A partnership with the Chartered Institute of Bankers Ghana has also led to a banking sector Code of Conduct and an e-learning program to enhance ethical standards and professionalism.