The Chief Executive Officer of the Maxwell Investments Group, Dr. Maxwell Ampong is urging entrepreneurs to incorporate Corporate Social Responsibility in their activities.

According to him, Ghana’s 2023 downgrade by Moody's, Fitch and Standard and Poor's were largely caused by lack of Environment, Social and Governance activities.

He spoke to Joy Business after leading the group and his business partner, Sanjay Padhiar, to donate some items to the less privileged children at Madina, a suburb in Greater Accra.

The gesture was generously supported by Sanjay Padhiar’s family and friends to lighten up the Christmas and New Year celebrations for children in the catchment area.

Dr. Ampong added that Corporate Social Responsibility activities should go up during the year to avert any form of further downgrades associated with a lack of ESG activities.

Advising entrepreneurs on how to approach the New Year, Dr. Maxwell believes a portion of every company's earning must be spent on community services, no matter how small they are.

“CSR is important because a lot of Ghana’s downgrades came out from a lack of ESG standards and CSR can play a big part helping with that. So I will advise that businesses find a way to incorporate CSR into their activities”.

“As a business or entrepreneur, we should make it a point to incorporate CSR into the ESG framework because you cannot exist without the community and as Maxwell Investments Group, this is what we shall be embarking on more often this year,” he said.

The community leaders expressed optimism that the items donated will be put to good use as they also expect more from other businesses and philanthropists.