• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, August 3, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana’s Financial Sector Through Sustainable Banking Principles

October 2, 2023
Stephen M.Cby Stephen M.C
in Banking
0
Ghana’s Financial Sector Through Sustainable Banking Principles

Joseph Amo Adjei, the Manager of Risk Governance, ESG, and Sustainability at Stanbic Bank Ghana, has made a strong case for Ghana’s financial sector while highlighting the importance of ESG and Sustainability principles in the financial sector.

Mr. Amo Adjei singled out the Sustainable Banking Principles as a significant measure that is changing the face of Ghana’s financial sector in relation to environmental, social, and governance (ESG).

“In a significant development for Ghana’s financial sector, the Bank of Ghana Sustainable Banking Principles have emerged as a game-changer, ensuring a level playing field for all commercial banks. This shift reflects the growing global emphasis on responsible and sustainable banking practices.”

Mr. Amo Adjei

Mr. Amo Adjei, while speaking on the challenges faced in the past, highlighted the dilemma banks encountered prior to the introduction of the Sustainable banking principles.

RelatedPosts

Ghana’s GH₵525bn Financial Sector Faces Hidden Risk from Securities Industry

Ghana’s Green Banking Compliance Surges to 73.6% in Q1 2025 – BoG

Stanbic Investment Management Services Delivers Impressive Growth for 2024

“For financial institutions that had already integrated ESG criteria into their lending practices prior to the launch of the Sustainable Banking Principles, turnaround time in credit delivery was a pain point for these banks as the credit assessment process was considered lengthy and customer requirements exhaustive.

“Applicants found themselves subjected to rigorous scrutiny before being granted credit. However, the recent launch and implementation of the sustainable banking principles by the regulator means that all commercial banks will have to undertake the same level of ESG due diligence as part of its credit delivery process.”  

Mr. Amo Adjei

The Implementation of These Principles

Mr. Amo Adjei noted that with the implementation of these principles by the regulator, the playing field has been levelled for all commercial banks. “Now, we are required to embed ESG factors in our assessments, which means that the assessment process for all applicants will be standardized,” he said.

Mr. Amo Adjei also mentioned that Stanbic Bank in particular has been quick to adapt to this regulatory shift, aligning its practices with the sustainable banking principles. The bank, he said, views this transition as an opportunity to strengthen its commitment to the nation and its communities.

Looking ahead, the banking sector anticipates a significant shift in how capital is deployed to support projects. Traditional assessment of an obligor’s creditworthiness will be complemented by rigorous evaluations of its ESG record.

Clients engaged in activities with adverse environmental impacts or contributes negatively to climate change may encounter difficulties accessing financing. There is already mounting pressure on clients in sectors such as oil and gas and mining to transition to more sustainable practices. Banking institutions must partner clients in this journey towards sustainability, aligning their strategies with responsible and ethical banking principles.

Furthermore, commercial banks should expect to hold capital for ESG risk in the near future. While the Basel frameworks have been focused on credit risk, market risk and operational risk, new types of risk, or at least drivers for it are emerging due to ongoing climate change. As ESG risks become a new risk driver throughout the banking industry, it can be expected that there will be a supervisory response as to how to incorporate such ESG risks into the risk-based capital framework.

As Ghana’s financial sector continues to evolve in response to global ESG trends, Stanbic Bank Ghana remains committed to fostering economic growth and inclusive development while upholding the principles of sustainability and responsibility.

Meanwhile, the bank’s sustainability strategy and approach are built on two pillars such as: Social, Environment, Economic (SEE) and Environmental, Social and Governance (ESG) and anchored by one purpose, ‘Ghana is our home, we driver her’.

READ ALSO: FBNBank Launches Akye Promotion

Tags: and Governance (ESG)commercial banksenvironmentalfinancial institutionsGhana’s Financial Sector Through Sustainable Banking PrinciplesSocial
Please login to join discussion
Previous Post

Leave Your Inheritance To The Church – Mensa Otabil

Next Post

Blowing Up As A Young Guy Wasn’t Easy – Kwami Eugene

[mc4wp_form id="1264"]

Related Posts

President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

August 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

August 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

August 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

August 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

August 3, 2025
Daddy Lumba’s SHS Friend Reveals 15-Year Illness
Entertainment

Daddy Lumba’s SHS Friend Reveals 15-Year Illness

August 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

by Silas Kafui AssemAugust 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

by Lilian AhedorAugust 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

by Prince AgyapongAugust 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

by Evans Junior OwuAugust 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

by Lawrence AnkutseAugust 3, 2025
Daddy Lumba’s SHS Friend Reveals 15-Year Illness
Entertainment

Daddy Lumba’s SHS Friend Reveals 15-Year Illness

by Esther Korantemaa OffeiAugust 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
DSTV Pricing under scrutiny
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
New Wave Of Violence Displaces Thousands In Mozambique
Daddy Lumba’s SHS Friend Reveals 15-Year Illness
[/vc_row_inner]

Recent News

  • President Mahama Dispels Nigerian Deportation Fears After Viral Video
  • MultiChoice Grilled On DSTV Pricing 
  • Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
  • Sam George Rejects DStv’s Proposal, Insists on Price Reduction
  • New Wave Of Violence Displaces Thousands In Mozambique
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.