In welcome remarks delivered at Fidelity Bank Ghana’s third Sustainability Conference, the Bank of Ghana set out its current sustainable finance agenda for the banking sector, focusing on supervisory and policy initiatives designed to address sustainability and climate-related risks and support a transition toward more sustainable financial practices. The central bank highlighted the 2019 launch of the Ghana Sustainable Banking Principles with the Ghana Association of Banks and the Environmental Protection Authority, noting that all 23 chief executive officers and managing directors of commercial banks operating in Ghana endorsed the principles and that average compliance reached 73.06% as of March 2025. It also pointed to the publication of a sustainability and climate-related risks strategic plan for 2024 to 2028 and the issuance of a Climate-Related Financial Risk Directive in 2024 aimed at strengthening regulated financial institutions’ capacity to manage climate-related financial risks and embedding those considerations into the Bank of Ghana’s supervisory and regulatory frameworks. The Bank of Ghana also noted that it has initiated consultative discussions with other financial sector regulatory bodies toward developing a comprehensive Sustainable Finance Roadmap intended to provide a unified framework, support stakeholder collaboration, and promote policy consistency across the regulatory landscape.
Bank of Ghana 2025-08-27
Bank of Ghana reports 73.06% compliance with Ghana Sustainable Banking Principles and begins consultations on a Sustainable Finance Roadmap
The Bank of Ghana outlined its sustainable finance agenda at Fidelity Bank Ghana’s Sustainability Conference, emphasizing supervisory and policy initiatives to address sustainability and climate-related risks. It highlighted the Ghana Sustainable Banking Principles, with 73.06% compliance among commercial banks, and the publication of a strategic plan and Climate-Related Financial Risk Directive. The central bank is engaging with other regulators to develop a comprehensive Sustainable Finance Roadmap.