Harley Reed Leads Call for Ghanaian Companies to Prepare for IFRS S1 & S2 Reporting
By Nii Trebi Hammond
Harley Reed, a leading advisory and professional services firm, is stepping up efforts to strengthen ESG and sustainability adoption across Ghana as global reporting standards draw closer to implementation.
At an ESG & Sustainability Capacity Building Training in Accra, the firm through its General Manager, Advisory Services, Cima Sholotan, urged Ghanaian companies, including SMEs, to begin preparing for the International Sustainability Standards Board’s (ISSB) International Financial Reporting Standards (IFRS) Scope 1 and 2 reporting requirements.
Sholotan said Harley Reed is committed to supporting organisations to build the systems and capacity needed ahead of the mandatory compliance period. “Companies in Ghana will soon need to report on IFRS S1 and S2. The best time to prepare is now. Beyond compliance, ESG creates real business value, and we want companies to start tapping into that value,” she said.
She explained that the new standards would shape how companies communicate public information, build trust, and attract investment. Early preparation, she said, will put Ghanaian businesses at a competitive advantage.
Harley Reed is also pushing for stronger ESG awareness among SMEs, noting that smaller businesses cannot afford to be left behind. “SMEs must join the journey. They need to understand how ESG can improve their operations and help them meet future reporting and compliance needs,” Sholotan emphasized.
The firm highlighted the media as a critical partner in the national sensitisation effort, urging media organisations to champion awareness and advocacy that translate into meaningful action across industries. “The media has the power to inform, mobilise and influence companies to take the right action. Their involvement is essential at this stage,” she added.
Harley Reed noted that while sectors such as banking and insurance are ahead due to existing sustainability guidelines, many companies still struggle with where to begin. The firm believes that capacity building not new regulations, is what Ghana needs most at this point.
“Organizations need knowledge to take the right actions. Building internal capacity and establishing the right systems are crucial steps,” Sholotan said.
Harley Reed reaffirmed its commitment to supporting institutions on their ESG journey through training, sensitisation and advisory support, as Ghana prepares for a new era of sustainability reporting.
