Dignitaries in a group photograph at the 2024 Annual CIFIAG
Vice Chancellor of Ghana Communication Technology University (GCTU), Professor Emmanuel Ohene Afoakwa, has called on financial analysts to integrate Environmental, Social, and Governance (ESG) considerations into their analysis and decision-making processes.
Speaking at the 2024 Annual Conference of the Chartered Institute of Financial and Investment Analysts, Ghana (CIFIAG), he highlighted the importance of incorporating environmental factors into financial assessments to foster smarter, more sustainable financial decisions.
He also noted the crucial role that financial analysts play in tackling pressing environmental challenges within the country.
He noted that by assessing the economic implications of green policies, analysts can assist businesses in aligning their operations with sustainable practices that are both environmentally and economically viable.
“You play a key role in balancing economic development with environmental stewardship, ensuring that growth does not come at the expense of our planet,” he remarked.
He further underscored the necessity of identifying environmental risks to safeguard investments against the adverse effects of climate change and resource depletion.
The Vice Chancellor challenged analysts to leverage their expertise to guide businesses, government entities, and organisations toward solutions that not only spur economic growth but also protect the environment for future generations.
He stressed that with accurate and timely information, financial analysts can effectively evaluate risks and opportunities while ensuring that environmental considerations are integral to every financial decision.
Professor Afoakwa advocated for transparent environmental reporting and financial disclosure, which he believes would hold businesses accountable for their environmental impacts and encourage the adoption of sustainable practices.
President of CIFIAG, Dr. Daniel Amateye Anim-Prempeh, reflected on the institute’s contributions over the past year.
He noted that CIFIAG has provided expert advice and consultancy services to various sectors, enhancing the country’s economic development.
The institute has also focused on educational training and research initiatives aimed at improving the skills of financial analysts and investment professionals.
Dr. Anim-Prempeh announced a partnership agreement between CIFIAG and GCTU to promote professional and academic programmes designed to equip students with relevant skills amid evolving job trends in the country.
He highlighted current trends in the financial landscape—such as economic growth, inflation, interest rates, financial inclusion, digitisation, regulatory frameworks, and investment opportunities—that require the institute’s attention.
BY Prince Fiifi Yorke