BoG Second Deputy Governor Urges Banks to Embrace Sustainable Banking Principles
Accra: The Bank of Ghana (BoG) has called on banks to align their operations with sustainable banking principles as it steps up efforts to integrate climate risk and environmental sustainability into the country’s financial sector. The BoG has also issued a Climate-Related Financial Risk Directive, requiring all banks to integrate climate risk into governance and risk management structures. According to Ghana News Agency, the directive seeks to enhance the resilience of Regulated Financial Institutions (RFIs) by integrating climate risk considerations into governance, risk management, and disclosure practices. Banks are required to update their governance structures, risk management systems, and internal
