{"id":7171,"date":"2024-05-08T17:25:13","date_gmt":"2024-05-08T17:25:13","guid":{"rendered":"https:\/\/sotnews.agency\/?p=7171"},"modified":"2024-05-08T17:25:13","modified_gmt":"2024-05-08T17:25:13","slug":"societe-generale-ghana-md-describes-exit-report-as-a-rumour","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=7171","title":{"rendered":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Ghana MD describes exit report as a rumour"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 6 Second <\/div>\n\n <\/div>

The Managing Director of Societe Generale Ghana, Hakim Ouzzani, has described the media reports that the bank is exiting Ghana as rumors.<\/strong><\/p>\n

Mr. Ouzzani said that the report did not come from the bank.<\/p>\n

He assured that the bank remains committed to its group strategy to strengthen its capital base since 2023.<\/p>\n

\u201cSome rumours have indeed taken root regarding SG Ghana. But it\u2019s important to mention to all our stakeholders and our shareholders that the news item being circulated in the media was not issued by the group nor by SG Ghana\u201d, he said while\u00a0speaking at the 44th Annual General Meeting of Societe Generale Ghana in Accra.<\/p>\n

\u201cWe don\u2019t want to comment further,\u201d he added.<\/p>\n

It had been reported that after nearly 20 years of operations in Ghana, the French bank\u00a0 had decided to withdraw from Ghana.<\/p>\n

Soci\u00e9t\u00e9 G\u00e9n\u00e9rale has engaged investment bank Lazard to explore potential buyers for its operations in Ghana, Cameroon, and Tunisia. The report that there are indications that Absa Bank was seriously contemplating acquiring these subsidiaries.<\/p>\n

The departure of European banks from Africa, including Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, is primarily attributed to the high cost-to-income ratio.<\/p>\n

Exit of foreign companies from Ghana gives opportunity to local entrepreneurs \u2013 Yankah<\/a><\/p>\n\n

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The post Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Ghana MD describes exit report as a rumour<\/a> first appeared on 3News<\/a>.<\/p>

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The Managing Director of Societe Generale Ghana, Hakim Ouzzani, has described the media reports that the bank is exiting Ghana as rumors. Mr. Ouzzani said that the report did not… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-7171","post","type-post","status-publish","format-standard","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7171"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7171\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}