Ghana Exim Bank’s UN Global Compact membership to boost global credibility and sustainable financing – CEO

July 2, 2026

• Nearly $1 billion has been spent on flood mitigation efforts in Accra, yet the problem persists due to systemic and institutional challenges.
• The core issue is fragmented governance, with multiple agencies responsible for different aspects of water bodies and land use, hindering integrated watershed management.
• Decades of urban growth have destroyed Accra's natural ecological infrastructure, such as wetlands and lagoons, which once provided natural flood control and pollution filtration.
• Sustainable solutions require a shift from isolated engineering projects like dredging to comprehensive watershed management, ecosystem restoration, and coordinated institutional efforts.
• Addressing Accra's water crisis demands sustained political will, institutional coordination, and active public commitment and participation to restore its degraded rivers and wetlands.

July 2, 2026

• Ghana Exim Bank has joined the UN Global Compact Network Ghana, a move described as significant for aligning Ghana's financial sector with international environmental and governance standards.
• This participation highlights the increasing importance of sustainability (ESG) in global finance and trade, with UN Global Compact aiming to equip companies to operate responsibly.
• Tolu Kweku Lacroix emphasized that sustainability is now a decisive factor for global investment and financing, warning that businesses failing to integrate ESG risk exclusion from capital markets.
• Exim Bank's commitment is expected to signal a shift across its value chain, influencing suppliers and partners to adopt sustainable practices and raise standards in Ghana's financial ecosystem.
• The UN Global Compact offers tools, technical support, and capacity-building to help institutions implement its Ten Principles and adapt to rapidly evolving regulatory frameworks, encouraging proactive adoption of sustainability.

July 2, 2026

• Ghana has established a Carbon Market Office under the EPA to position itself in the global carbon credit market, supporting Article 6 of the Paris Agreement and voluntary carbon market activities.
• The country aims to treat the carbon market as a national development instrument, prioritizing real emissions reductions, community benefits, and private-sector investment.
• Key government directives include strengthening policy clarity, regulatory certainty, and protecting Ghana's national interest in carbon transactions to ensure high-integrity credits and prevent undermining future climate commitments.
• Ghana plans to build a strong domestic project pipeline in high-impact sectors like renewable energy, agriculture, and forestry, aligning carbon financing with national development agendas such as jobs, food security, and energy transition.
• The strategy emphasizes building national capacity, strengthening the Ghana Carbon Registry, improving inter-sectoral coordination, and attracting credible investment to position Ghana as a trusted regional hub for carbon assets.