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Ghanaian businesses urged to embrace good ESG practices to enhance access to funding

Osei-Asenso Antwi

Osei-Asenso Antwi, a Senior Manager with KPMG Ghana’s Governance, Risk & Compliance (GRC) and Environment, Social, Governance (ESG) & Sustainability Service lines has urged Ghanaian businesses to embrace good ESG practices.

Doing this, he opined, will unlock such benefits as access to finance through increased cashflow, investments, and reduced interests.

Addressing a UK-Ghana Chamber of Commerce (UKGCC) and KPMG Ghana webinar on “Deriving Value from Good ESG Practice: A Win-Win for Businesses and Communities”, Mr. Antwi remarked that “There’s a lot of funding that investors have made available to mitigate global risks and drive the achievement of the UN’s Sustainable Development Goals. Once a business can integrate ESG into its operations, they can tap into some of these funds.

These come in the form of increased cashflow from banks which provide loans at reduced interest rates tied to ESG performance”.

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