Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced that the process of selling shares in Société Générale Ghana is ongoing, with prospective buyers engaging with the central bank.
Dr. Asiama emphasized that the BoG is ensuring all potential investors meet the necessary fit and proper requirements to maintain the stability and integrity of the financial sector.
During the 123rd Monetary Policy Committee (MPC) press conference in Accra on Friday, March 28, he provided an update on the current state of the sale, highlighting the central bank’s commitment to overseeing a transparent and compliant transaction process.
“The sale of shares in Societe Generale is ongoing, a number of prospective buyers have touched base with us. But as you know, we are central bank regulators, ours is to issue a no objection, ours is to ensure that the prospective buyer meets the fit and proper requirements. And so we await negotiations on their part. When it is included, we will then look at the aspect that we have to look at,” he stated.
He added, “We will have to make sure that they meet the policy guidelines when it comes to mergers and acquisitions, and to make sure that everything is fit and proper.
“So that is where we are as far as the SG transaction is concerned. We are waiting for the shareholders, we are waiting for the agreements that can be reached, and then we will get involved for that sale to go to the next step.”
Speaking at the 44th Annual General Meeting of Société Générale Ghana in Accra on Wednesday, May 8, the Managing Director of Société Générale Ghana , Hakim Ouzzani, dismissed rumours that the bank was exiting Ghana.
“Some rumours have indeed taken root regarding SG Ghana. But it’s important to mention to all our stakeholders and our shareholders that the news item being circulated in the media was not issued by the group nor by SG Ghana,” he stated.
-citinewsroom
