United Bank for Africa (Ghana) Ltd

Climate Impact & Sustainability Data (2023)

Employees participated in a tree planting exercise at Achimota Forest, planting over 100 trees.
Adopted a sustainable banking approach through innovative technology and operations, driving initiatives to promote a low-carbon economy and energy-efficient operations.

Donated over 7,000 African-authored books to four schools.
Extended its charitable arm through the Food Bank Initiative, benefiting the Madina community.
Various employee wellbeing initiatives that promote a good work life balance amongst staff.
UBA Ghana continues to train the youth, through internships, Graduate Trainee and National Service programmes.

Fully adhered to the Bank of Ghana Corporate Governance Disclosure Directive 2022.
Emphasizes transparency and accountability in all its endeavors.
Has structures and processes set out in its regulations and policies, including the Board’s Governance Charter which guarantee transparency and accountability.

Global economic landscape significantly disrupted by geopolitical tensions, increased cost-of-living, tightening of financial conditions, and the lingering effects of the COVID-19 pandemic.
Ghana’s economy faced challenges in 2023, with real GDP growth of 2.9% and cedi depreciation.
Increased public debt and shortfalls in domestic revenues posed challenges to macroeconomic improvements.
Persistent challenges remain, notably characterized by elevated inflation, subdued growth and substantial pressure on public finances and debt sustainability, delays in international financial support and volatility in key export commodity prices.
General repayment challenges on the part of borrowers, mainly due to the impact of general macroeconomic challenges experienced in 2022.

Government is exploring several policy options to rebuild confidence in the economy, alleviate mounting debt levels, and stimulate economic growth.
Government embarked on a comprehensive debt restructuring, a significant fiscal consolidation program, and the implementation of reforms to foster economic stability and resilience.
Bank of Ghana reacted aggressively to the inflation in 2023 by increasing interest rates.
UBA Ghana improved its performance in 2023, with 203% Profit Before Tax (PBT) growth and 34% deposit growth.
Strong risk management policies implemented during the year.

UBA Ghana promotes SDG 4 through the Read Africa Initiative and supports SDG 15 by focusing on afforestation and biodiversity preservation.