Author(s): Sharon Donnir*, Kingsley Tornyeva, Timothy Ayamga
The aim of the study was to examine the influence of corporate sustainability practices by banks in Ghana on their performance. The study was focused on all the 23 banks operating in Ghana with data gathered from a sample of 302 key and senior management personnel of the banks using the purposive sampling technique. Data were obtained through the administration of structured questionnaire to key and senior management personnel of the banks. Partial Least Square Structural Equation Modelling (PLS- SEM) was used to analyze the data gathered. The empirical results of the study revealed bank sustainability has significant and positive relationship with bank performance. Theoretically, the study enhances the literature on the signaling theory and empirically, contributes significantly to the ongoing debate on corporate sustainability and corporate performance nexus from the Ghanaian context, the banking sector as well as the post banking crisis perspectives. The study provides insight for the Bank of Ghana and other policy makers to come out with comprehensive policies on economic, social and environmental sustainability policies and improved enforcement of existing policies. It further provides the framework for management to promote sustainability practices and disclosures through seminars, trainings and conferences. The study was limited to the Ghanaian banking sector, it is therefore recommended that, future studies should consider other sectors aside the banking sector and also explore the perspectives of other emerging economies.