Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Governance Achievements

• Adopted a Board Corporate Governance Framework (CGF) aligned with international principles and Ghanaian laws.
• Established four committees (Audit, Risk and Finance; HR & Remuneration; Credit; Procurement) and one ad-hoc committee (Disciplinary) to oversee various aspects of the bank's operations and governance.
• Implemented a transparent and comprehensive remuneration system for staff, management, and the Board.
• Developed a Board Succession Plan to ensure continuity.

Climate Goals & Targets

Environmental Challenges

• The Government of Ghana launched the Domestic Debt Exchange Programme, impacting the Bank’s capital, funding, and liquidity requirements.

Mitigation Strategies

• The Directors reviewed the Bank’s budgets and cash flow forecasts, considering the impact of the DDE programme.
• The Directors assessed the sufficiency of the Bank’s financial resources and conducted stress tests.
• The Bank took steps to optimize its investment portfolio and operating cost mix to bolster efficiency and profits.
• The Bank focused on minimizing operational costs and building reserves.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Financial Reporting Standards (IFRSs), Bank of Ghana Act, 2002 (Act 612), Companies Act, 2019 (Act 992), Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), Bank of Ghana’s Corporate Governance Directive 2018, Fit and Proper Person Directive 2019, Security and Exchange Commission Corporate Governance Code 2020, Ghana Stock Exchange Listing Rules and Regulations, Mandatory Disclosure Items for Public Companies in Ghana from Securities and Exchange Commission