Ghana launches push to turn banking sector green

The Bank of Ghana has urged banks to implement environmental and social risk management policies, as part of a broader effort to clean up the banking sector.

The central bank has published an extensive set of sustainable principles following an increase in lending to areas which have adversely affected the environment and social standards.

The seven principles, the central bank says, will be applied across five sectors of the economy and will be enforced by the Sustainable Banking Principles