Ghana: Fidelity Bank’s DMD foresees green bonds as a game-changer for Ghana’s financial market

Atta Gyan, Deputy Managing Director at Fidelity Bank, highlighted the potential of green bonds to drive sustainable development and attract new investors to Ghana’s financial market. His remarks were delivered at the maiden ACI Financial Markets Conference, a prestigious event that convened industry leaders, regulators, and policymakers to discuss the future of Ghana’s financial sector.

In his keynote address, Mr. Gyan emphasized the pivotal role of sustainable financial products, particularly green bonds, in shaping the future of Ghana’s financial landscape. “As we look towards the future of finance, we believe some of the most interesting opportunities lie in the introduction of sustainable financial products like green bonds,” he stated.

Mr. Gyan emphasized that green bonds offer a unique opportunity to channel capital directly into projects that address critical environmental challenges such as renewable energy, sustainable infrastructure, and efficient resource management. These bonds can be a powerful tool for both environmental and economic impact, attracting socially conscious investors who seek to make a positive difference.

“The potential is vast,” Mr. Gyan explained, “Exciting and profitable projects, social capital, and strong market demand can pave the way for green bonds to become a cornerstone of sustainable finance in our economy. With the right policies, collaboration, and commitment to tracking performance, we believe green bonds offer a compelling way to create social good while driving long-term value.”

Mr. Gyan added that the Bank is committed to playing a leading role in the development of the green bond market in Ghana. This commitment aligns with the bank’s broader strategy of leveraging innovation to drive the future of finance while ensuring that progress is rooted in ethical excellence and inclusion.

Mr. Gyan highlighted the transformative power of innovation in the financial sector.  “Innovation is the force that shapes the future of the financial industry,” Mr. Gyan noted, stressing the importance of adapting to technological advancements to meet future needs. He emphasized that innovation in the financial market should not only enhance operations but also address the real needs of individuals and businesses across the country.

However, Mr. Gyan was clear that innovation must be balanced with ethical practices. “Trust is the currency of the financial market,” he stated, “and it is built on a foundation of ethical conduct.” Fidelity Bank, he assured, remains committed to maintaining the highest ethical standards, ensuring that progress is both sustainable and inclusive.

Mr. Gyan also highlighted the importance of expanding access to financial services as a critical component of a vibrant financial market. He praised Fidelity Bank’s efforts in promoting financial inclusion through innovative products and services designed for the underserved, including the bank’s low KYC Smart Accounts and extensive agency network.

“Through collaborative efforts, we can expand access to financial services, making it easier for individuals and small businesses to participate in the economy,” he said, reaffirming Fidelity Bank’s dedication to fostering an inclusive financial environment where all Ghanaians can thrive.

Fidelity Bank’s participation in the ACI Financial Markets Conference demonstrates its leadership in driving innovation, promoting ethical excellence, and championing financial inclusion in Ghana. The bank’s commitment to these principles positions it as a key player in shaping the future of the country’s financial market.

Source: citinewsroom.com