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July 2, 2026
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UN Global Compact urges Ghanaian firms to accelerate sustainability drive as Exim Bank joins initiative
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Key Points
- 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.
Why This Matters
Ghana's financial sector is making a critical move to align with global sustainability standards, which is now a prerequisite for attracting international investment and securing financing. This shift, led by a key institution like Ghana Exim Bank, is vital for maintaining competitiveness in global markets and will elevate sustainable financing practices across the country, supporting Ghana's long-term development objectives.
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August 24, 2026
GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
- The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
August 24, 2026
GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
- The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
- The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
August 23, 2026
Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.

