Ghana

Securities and Exchange Commission of Ghana joins SBFN

SEC publishes Draft Green Bond Guidelines

Ghana Stock Exchange publishes ESG Disclosures Guidance Manual

23 banks (100 percent) are required to report their environmental, social, and governance (ESG) activities/ performance regularly to the regulator

All 23 banks as of end of quarter 1 submitted completed templates

Compliance rate within the first year of implementation considered to be satisfactory

SEC publishes Ghana Capital Market Masterplan 2020-2029

Ministry of Finance publishes Sustainable Financing Framework

BoG launches monitoring and reporting requirements related to the Ghana Sustainable Banking Principles for banks

Capacity-building programs and awareness creation in relation to implementation of the Sustainable Banking Principles Sector Guidance Notes were organized for banks and supervisory staff of Bank of Ghana to facilitate progressive implementation of the Principles amidst the challenges of COVID-19

BoG publishes the Ghana Sustainable Banking Principles and E&S Risk Management Sector-Specific Guidance for five sectors: agriculture and forestry, power and energy, construction and real estate, manufacturing, and oil & gas and mining

BoG is a key stakeholder in the implementation of the National Financial Inclusion Strategy (2018-2023) with a new target of 85 percent inclusion of eligible Ghanaians by the year 2023

BoG convenes the CEO Round Table and presents the Sustainable Banking Principles which were signed off by the all the 23 banks

BoG issues a Corporate Governance Directive

BoG and GAB join SBFN

BoG creates a Sustainable Banking Principles Steering Committee, which includes the Environmental Protection Agency (EPA) and the Ghana Association of Bankers (GAB)