SSNIT raises stake in Société Générale Ghana to 24.36%
The Social Security and National Insurance Trust (SSNIT) has increased its shareholding in Société Générale Ghana by an additional five per cent, bringing its total stake in the bank to 24.36 per cent. The development follows the completion of the acquisition of the 60.22 per cent controlling interest previously held by Société Générale Group by […] The post SSNIT raises stake in Société Générale…
SSNIT, the Social Security and National Insurance Trust, has increased its shareholding in Société Générale Ghana to 24.36%, up from 19.36%. The additional 5% stake was acquired by Morocco’s Attijariwafa Bank and SSNIT after the previous controlling interest held by Société Générale Group was sold. SSNIT stated that this increased investment would help safeguard and grow the retirement assets of workers and pensioners in Ghana, while also promoting greater local ownership in the banking sector.
The acquisition was praised by the Ghanaian government and regulatory authorities, with SSNIT expressing gratitude for the role played in securing the transaction.
Brief written by urgent.news from The Chronicle Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
