Earlier this month, Standard Chartered launched an initiative to review its social and economic impact across its markets through a series of independent studies carried out by noted academics. The Bank is looking to understand both the direct and indirect impact it has on the countries where it operates.
The first study in this series focuses on Standard Bank’s socio-economic impact on Ghana. The study, which was undertaken by Professor Ethan Kapstein of INSEAD and Dr. René Kim of Steward Redqueen, highlights the value of the Bank in Ghana, in ways that go far beyond the provision of credit. As an international bank, Standard Chartered helps support Ghana’s economy by using its global footprint to increase trade and investment flows, supporting clients to reach international environmental and social standards, spurring innovation through the launch of new products, improving access to finance and providing world-class employment opportunities and training.