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Corporate Social Responsibility in the Ghanian Banking Industry
Yeboah, Dennis
Yeboah, D. Corporate Social Responsibility in the Ghanaian Banking Industry. Diploma Thesis. Brno: Mendel University, 2020. This diploma thesis topic refers to a new concept which is Corporate Social Responsibility in the Ghanaian banking industry. In developing countries of which Ghana is no exception, the CSR concept is still at the developing stage. This thesis was conducted with two key specific objectives, which are: first to assess the current CSR situation of selected banks which are: Barclays Bank of Ghana and Raiffeisen Bank of the Czech Republic, with the aim of reviewing their CSR initiatives and projects towards the society. Secondly, to assess the reporting model of CSR activities using GRI methodology. Secondary data in the form of CSR reports and information sourced from various websites of the banks were used and analyzed. It was found that both banks engaged in several initiatives including education, youth empowerment, entrepreneurship and environmental projects which ensures the greater welfare of the people, society and the environment. In respect of the second objective, it was found that banks present comprehensive reports which captured most of the GRI methodology which suggest that CSR reports look better now when compared to those presented in years before this review. However, in a more specific sense, Barclays Bank Ghana Ltd did not include; energy, emission, effluents and waste, details of employment, product and services responsibility which were a significant part of the GRI methodology. As a result, this study recommends a review of the reporting model used by Barclays Bank to capture most of not all the GRI indicators. Moreover, both banks are encouraged to engage in partnerships with other specialized organisations order to produce high-quality CSR initiatives, projects and reports.
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