Société Générale has decided to exit the Ghanaian market after operating there for about 20 years. The bank initially entered Ghana in 2003 by acquiring a 51 percent stake in the then Social Security Bank. Alongside Ghana, the French bank has also chosen to leave operations in two other African countries, specifically Tunisia and Cameroon.
This decision is part of the bank’s strategy to concentrate its resources on markets where it can establish itself as a leading bank, aligning with its overall strategy. Sources close to the bank have mentioned that Société Générale has engaged the services of investment bank Lazard to seek potential buyers for its operations in these three countries.
