ACCRA – The Bank of Ghana today convened a crucial “Construction Sector Deep Dive” event under its Ghana Sustainable Banking Principles initiative, reinforcing its proactive stance on environmental and social sustainability within the financial landscape. Held at the Alisa Hotel on Tuesday, July 29, 2025, the gathering brought together key stakeholders to deliberate on integrating sustainable practices into one of Ghana’s most vital economic sectors.
In her keynote address, Mrs. Matilda Asante-Asiedu, the Second Deputy Governor, underscored the Bank’s leadership in championing a resilient and sustainable financial ecosystem. She highlighted the strategic establishment of the Climate and Sustainability Office within the Bank of Ghana in 2023. This dedicated office, she explained, is now central to driving the Bank’s overarching vision for sustainability, providing crucial support to regulated financial institutions, and coordinating essential stakeholder engagement and capacity-building initiatives across the industry.
The event focused specifically on the construction sector, recognizing its significant environmental and social impact, as well as its substantial exposure within the portfolios of Ghanaian banks. The Bank of Ghana’s Sustainable Banking Principles, launched in 2019, include sector-specific guidance notes for areas like construction and real estate, aiming to assist banks in managing environmental and social risks in their lending decisions.
This deep dive reflects the ongoing efforts to operationalize these principles and address the unique sustainability challenges and opportunities within the construction industry, which faces issues ranging from project financing and skill shortages to waste management and the adoption of green building technologies.
The central bank’s initiative is part of a broader commitment to align Ghana’s financial practices with global sustainability goals, fostering greater financial inclusion, social responsibility, and environmental consciousness throughout the banking sector.
Ruth Abla ADJORLOLO
