Search
Close this search box.

We are engaging Société Générale to for clarity – BoG

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email

The Bank of Ghana has clarified that it has yet to receive an official communication from Société Générale Ghana regarding the latter’s alleged departure from the Ghanaian financial market.

Société Générale, a French banking institution, had previously refuted claims of its exit from the banking scene in Ghana, labeling such rumors as unfounded.

Nevertheless, the central bank has acknowledged that it is currently in talks with the Group Head Office of the bank to gain a better understanding of the situation.

Giving an update at the 118th Monetary Policy Committee press briefing, Governor of the Bank of Ghana, Dr. Ernest Addison urged the bank to be transparent in its operations.

“We have not formally received any information from SG…both from the group or the office in Accra. I have had discussions with their office in Cote D’Ivoire and I have complained that we don’t want to be surprised.

“We are hearing things but we want to see the long list of those that are interested in acquiring their shares. I have expressed those concerns to their office in the Côte d’Ivoire. Hopefully, we will hear something from them soon,” he said.

Societe Generale Ghana earlier noted that it had informed the Societe Generale Group, which holds 60.22% of Societe Generale Ghana and has initiated a strategic review of its operations.

In a statement, Societe Generale Ghana added “If a concrete development were to be decided, a subsequent communication will be made at the appropriate time according to applicable legislation.”

Share this post :

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email