The International Finance Corporation (IFC), a
member of the World Bank Group, is the largest institution dedicated to private
sector development in emerging markets. IFC works with over 2,000 businesses
globally, leveraging its resources and expertise to foster market opportunities
and sustainable development. Through its Sustainability Framework, IFC aids
clients in improving business performance, transparency, stakeholder
engagement, environmental protection, and achieving greater development impact,
playing a key role in shaping the Environmental, Social, and Governance (ESG)
landscape.
In Ghana, IFC’s Integrated Environmental, Social and Governance
(IESG) program aims to promote ESG best practices in the banking sector through
regulatory, market, and firm-level engagement. The program collaborates with
the Bank of Ghana to implement and monitor the Ghana Sustainable Banking
Principles (GSBPs), and to develop a national sustainable finance roadmap. The
consultancy’s main objectives are to design an effective monitoring template
for supervising GSBPs compliance and to support the creation of the sustainable
finance roadmap for Ghana.