Executive Summary
Policy Goal: To establish Ghana as a regional leader in sustainability reporting by achieving 80% implementation readiness across all PIEs by 2028, through phased adoption of IFRS S1 and S2 that enhances capital market competitiveness.
The Challenge: IFRS S1 and S2 (June 2023) establish the fist global sustainability disclosure framework. Ghana faces a critical 35.4% gap between awareness (82%) and implementation readiness (46.6%), with signifiant sectoral disparities threatening international competitiveness and access to sustainable fiance. Key Finding: Survey of 241 PIEs across 11 sectors using the Ghana Sustainability
Reporting Market Readiness Index (GSRMRI). Financial services (63.2%) and mining (58.7%) lead readiness, while agriculture (31.4%), education (28.9%), and hospitality (26.3%) lag critically. Key gaps: Climate scenario analysis (37.8%),
Scope 3 emissions (41.2%), and sustainability assurance (39.4%).
Strategic Recommendation:
• Phased Adoption: Three-tier implementation over 5 years with regulatory forbearance and continuous monitoring.
• Sector Support: Tailored programs for lagging sectors; leading sectors as knowledge champions with standardized templates.
• Institutional Strength: National Sustainability Reporting Implementation Committee to oversee implementation, address emerging challenges, and facilitate knowledge sharing.
• Capacity Building: Nationwide training, curriculum integration, and professional certifiation through ICAG.
