The country’s commercial banks have until December 31, 2025, to unify their governance arrangements – BoG.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana has given commercial banks in the country up to December 31, 2025, to align their governance arrangements, risk management frameworks, and internal policies and processes with the requirements of its Climate-Related Financial Risk Directive.

For Specialised Deposit-Taking Institutions (SDIs) and Non-Bank Financial Institutions (NBFIs), the Central Bank has given a deadline of December 31, 2026, to comply with the Directive.

Implementation of the Directive, the Central Bank further notes, takes effect on January 1, 2026, in the case of banks, and January 1, 2027, in the case of the SDIs and NBFIs.

Source: newsthemegh.com