Globally renowned financial institution, Societe Generale, has announced its intention to conclude banking operations in Ghana in the near future.
Societe Generale, previously known as SG-SSB, established its presence in Ghana in 2003, marking a significant milestone in the nation’s banking and finance landscape.
Reports by Ghana Chronicle on X indicate that the institution has engaged the services of investment bank Lazard to facilitate the search for potential buyers interested in acquiring its operations in Ghana.
With two decades of operation in Ghana, Societe Generale has successfully navigated various challenges and built a substantial customer base. While some observers link the decision to the prevailing economic conditions in Ghana, others argue that it reflects factors independent of the country’s economic situation.