The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, revealed that the Bank of Ghana is currently selling shares in Société Générale Ghana and is in discussions with potential buyers.
At the 123rd Monetary Policy Committee (MPC) press conference in Accra, he updated the public on the sale, emphasising the BoG’s commitment to a transparent and compliant transaction process.
“The sale of shares in Société Générale is ongoing, and several prospective buyers have approached us. However, as regulators, we must issue a no-objection to ensure that the prospective buyer meets the fit and proper criteria. We are awaiting their negotiations.
He further explained,
“We must ensure that all parties adhere to the policy guidelines on mergers and acquisitions and that everything is fit and proper. This is where we stand with the SG transaction. We are waiting for the shareholders to reach an agreement, and then we will proceed with the next steps.”
Additionally, Dr Asiama stress that the BoG is focus on ensuring that all potential investors meet the required standards to maintain the stability and integrity of the financial sector.
