The Development Bank of Ghana (DBG), in collaboration with the World Bank and the Ministry of Finance, has designed a four-day training package for partner banks to build capacity in environmental and social management.
The training, titled “Environmental and Social Risk Management (ESRM) Training of Trainers (ToT) Workshop for Financial Institutions (Banks and SDIs) in Ghana,” aims to educate financial institutions to incorporate sound environmental and social governance in their operations. It is intended to.
In this era of increasing demands for environmental and social management practices, DBG wants to accelerate the compliance of its financial institutions with the Bank of Ghana’s Sustainable Banking Principles, putting them in a better position to access development financing. .
talk to joy news At a workshop in Koforidua, John Boateng Akuoko-Tawia, Head of ESG, Sustainability and Climate Change Finance at DBG, said the training would transform the financial landscape by incorporating sustainable development principles. I was optimistic.
“We are very important in this regard because it allows us to provide additionality to the private sector, but also builds the capacity of the financial sector to assess the environmental and social exposures that exist in investment and credit decisions. Because we believe in what they make.
“This is a really important area because our development partners expect our partner banks to put these systems in place so that they can deploy capital. So, again, we are We are also providing such additionality to ensure that the funds that are out there can come to Ghana for development and the private sector,” he said on Tuesday.
Mr. Sampson Akurigo, Director General, Financial Sector, Ministry of Finance, gave a speech at the beginning of the workshop, underscoring the importance of the workshop.
He said the training will provide banks with a comprehensive understanding of the importance of environmental and social sustainability, and participants will be equipped with the right knowledge, tools and skills needed to incorporate best practices into their operations. He said he could wear it.
“Ghana is endowed with a diverse ecosystem and rich natural resources that are essential for long-term prosperity. Environmental risk management thus ensures that DBG-funded projects minimize negative environmental impacts. It is against this background that this training has been designed. Requires that specified minimum environmental and social requirements be met.
“Taken together, this training initiative will contribute to the development of participants who can effectively identify, assess, mitigate and manage environmental and social risks associated with projects. Equip participants with the knowledge, tools, and skills needed to instill a comprehensive understanding of the importance of DBGs and integrate best practices into the operations of existing and potential PFIs to enhance compliance with DBG environmental and social requirements. “I’ll give you that.” he said.
More than 35 financial institutions across the country participated in the four-day training program, which ends on Friday.
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