In a bid to gain diverse contributions and fresh initiatives towards a green economy for Ghana, the Executive Development Unit of the University of Ghana Business School (UGBS) organised a Stakeholder Workshop on Green Finance in Ghana. The event hosted various stakeholders on the 17th of January 2020 at the UGBS Graduate Building.
The Dean, Professor Justice N. Bawole, in his welcome address stated that the workshop was held to have a conversation that would provoke stakeholders to draw resources towards the green economy vision. He also encouraged first-time visitors to the campus to explore the various parts of the School and concluded his speech by prompting the participants to visit the Graduate Programmes Office for assistance on the several courses offered at the School.
Dr. Abdul-Gafaru Abdulai, a Senior Lecturer in the Department of Public Administration and Health Services Management, delivered a presentation on the background of Green Finance in Ghana. He elaborated on the pattern of economic growth and how the Government of Ghana is putting in place green economic policies. “There is no chance for a successful transition into the Green Economy without a financial system that supports sustainability”, he ended.
Delivering his presentation on Green Economy and Green Finance, Dr. Albert Ahenkan, a Senior Lecturer in the Department of Public Administration and Health Services Management, explained the concepts of the brown and green economy, and the challenges of transitioning. He stated some reasons a transition is necessary, which included its potential to drive the Sustainable Development agenda.
Taking his turn, Mr. Musa Salah, the Group Manager and Head, Environmental and Sustainability at Ecobank Transnational Incorporated (ETI), remarked that if the source of finance is not from a sustainable source, it cannot be put to sustainable use. He spoke on Environmental, Social and Governance (ESG) frameworks and commended Ghana for developing her Sustainable Banking Principles in 2019.
Controversial questions were asked in a question and answer session with the stakeholders, which drew up some very important contributions from representatives of the Forestry Commission, Energy Commission, Bank of Ghana, Pan-African Business Developers among others.
Dr. Abdul-Gafaru Abdulai gave the closing remarks and expressed thanks to the stakeholders’ present. He stated that an announcement will soon be made regarding the way forward with initiatives that had been brought up at the workshop.
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