BoG unveils sustainable finance roadmap to attract global capital

The Bank of Ghana (BoG) has launched a Sustainable Finance Roadmap aimed at positioning the country to attract global capital and strengthen long-term economic growth.

Speaking at the launch in Accra on Tuesday, Governor Dr. Johnson Pandit Asiama said the roadmap marks a significant step towards creating a resilient financial system capable of unlocking new investment opportunities while addressing climate-related risks.

“Sustainable finance is not only about managing risks. It is also about positioning Ghana to access new pools of global capital, to finance critical infrastructure, to support the energy transition, to deepen our financial markets, and to strengthen long-term growth,” Dr. Asiama said.

He explained that the roadmap provides a common framework for financial regulators to coordinate efforts on environmental, social and governance standards, climate-related risk management and financing sustainability.

According to the Governor, the initiative is intended to ensure Ghana’s financial sector remains competitive as investors increasingly seek countries with credible sustainability frameworks.

“Our purpose as regulators has always been the safety and soundness of the financial system. But soundness in this era means more than absorbing today’s shocks. It means positioning Ghana’s financial sector as a leading destination for sustainable finance, attracting the domestic and international capital that a sustainable transition requires,” he stated.

Dr. Asiama noted that the roadmap builds on more than a decade of work by the central bank and its partners to integrate sustainability into Ghana’s banking sector.

He cited the adoption of Sustainable Banking Principles, the Climate-Related Financial Risk Directive and the implementation of a strategic plan on sustainability as key milestones that have laid the foundation for the new framework.

He said financing sustainability will focus on mobilising private and institutional capital, expanding green and blended finance, and establishing Ghana as a regional hub for sustainable finance.

“Done well, this is not a cost we carry. It is a market we open: deeper access to climate and development finance, a more resilient banking system, and a credible claim to leadership in sustainable finance across our region,” the Governor said.

Dr. Asiama stressed that the roadmap’s impact will depend on effective implementation, urging regulators and stakeholders to maintain close collaboration to build a more resilient, competitive and future-ready financial system.