The Bank of Ghana has received a list of individuals and entities interested in acquiring shares in Société Générale.
This step is part of the bank’s strategic review of its operations in Ghana, as well as adjusting its ownership structure in Ghana to meet regulatory expectations.
It would be recalled that in May this year, the French bank announced its decision to review its operations in Ghana after reports emerged that it was planning to exit Ghana after operating in the country for nearly 20 years.
Speaking on this at the recent Monetary Policy Committee meeting held in Accra on Friday, Governor of the Bank of Ghana, Dr. Ernest Addison, said, “As an update, we have been furnished with all the bidders of shares that are being disposed of. So the bidding process is still ongoing, and hopefully when they decide on the preferred bidder, they will also let us know.”
Meanwhile, Société Générale owns about 56% stake in its Ghana operations, followed by SSNIT with 19%.
An individual also owns about 7% of the shares, with the remaining shares owned by other entities.
Source: www.ghanaweb.com
