Société Générale has officially provided the Bank of Ghana (BoG) with the full list of individuals and entities interested in acquiring shares in the bank, as part of the ongoing strategic review of its operations in Ghana.

This submission fulfills a key regulatory requirement as Société Générale reviews its ownership structure in Ghana in line with BoG’s expectations.

In May, Société Générale Ghana announced that it had begun a strategic review of its operations in the country, following reports that the French bank was considering exiting Ghana after almost two decades of operation. The bank also revealed that it had engaged investment bank Lazard to explore potential buyers for its businesses in Ghana, Cameroon, and Tunisia.

In response, the Bank of Ghana requested a comprehensive list of bidders to ensure transparency and avoid any unexpected outcomes during the sale process.

BoG Governor Dr. Ernest Addison, in a recent Monetary Policy Committee (MPC) press briefing in Accra, confirmed that the Central Bank has now received the full list of potential buyers.

“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,” Dr. Addison stated.

Currently, Société Générale holds a 56% stake in its Ghanaian operations, with the Social Security and National Insurance Trust (SSNIT) owning 19%. An individual owns about 7%, while the remaining shares are held by other entities. The identities of the bidders remain of great interest as the process unfolds.

While the Bank of Ghana evaluates the prospective shareholders, Société Générale has assured its customers that it will pursue strong partnerships and investments to enhance its long-term performance and profitability.