The Chief Executive Officer of the Ghana Export-Import Bank (Ghana Exim Bank), Sylvester Adinam Mensah, has described the institution's formal commitment to the United Nations Glob
The report indicates that the Chief Executive Officer of the Ghana Export-Import Bank (Ghana Exim Bank), Sylvester Adinam Mensah, has described the institution’s formal commitment to the United Nations Global Compact as a significant milestone that will strengthen its global credibility and deepen its commitment to sustainable financing.
It further notes that speaking on the sidelines of the United Nations Global Compact signing ceremony in Accra on Thursday, July 2, Mr Mensah stated the bank’s decision to join the world’s largest corporate sustainability initiative reflects a deliberate strategy to integrate environmental, social and governance (ESG) principles into all aspects of its operations.
He explained that the UN Global Compact brings together governments, businesses and institutions committed to advancing sustainable development through responsible business practices, emphasising that financial institutions have a critical role to play in promoting sustainability across the global economy.
“The whole idea of the UN Global Compact is having a community of institutions and countries committed to sustainability,” Mr Mensah said.
“We are talking about protecting the environment across the globe, and there is a need for institutions to demonstrate genuine commitment to sustainability.”
According to him, Ghana Exim Bank’s membership of the initiative reinforces its position as a credible development finance institution capable of operating in line with internationally recognised sustainability standards.
He noted that by embracing the ten principles of the UN Global Compact, the bank has undertaken a greater responsibility to ensure that sustainability becomes an integral part of its financial operations and investment decisions.
“Today we have embraced the ten principles espoused by the UN Global Compact, which makes Ghana Exim Bank a more credible financial institution globally. It also places a high responsibility on us to ensure that all our businesses are compliant, so that sustainability becomes integrated into all our financial dealings,” he stated.
Mr Mensah added that the development would further enhance the bank’s standing among development finance institutions (DFIs), international financial organisations and strategic investment partners.
“It increases our credibility with other DFIs and financial institutions, and I believe that is a major step forward,” he said.
The Chief Executive Officer emphasised that joining the UN Global Compact was not an overnight achievement but the culmination of a rigorous process that began approximately a year ago.
He explained that institutions seeking membership must satisfy a number of governance and sustainability requirements before they can formally become signatories.
“This is a process we began about a year ago. We did not just begin today. To join the UN Global Compact requires fulfilling some basic expectations,” Mr Mensah noted.
As part of the bank’s preparations, Ghana Exim Bank established a dedicated Sustainability and Strategic Impact Department to coordinate and oversee the implementation of sustainability policies across its operations.
