The Bank of Ghana (BoG) is requesting details of the plan to sell the shares of Societe Generale (SG) Ghana.
BoG Governor Dr. Ernest Addison, who revealed this at the a press briefing to announce the policy rate, said the Central Bank will demand a list of all persons and institutions interested in acquiring any shares of SG-Ghana.
Responding to questions on the issue, Dr. Addison said the BoG has through its subsidiary in Cote D’Ivoire notified the Bank to furnish his office with all of its intended plans of sale in the future.
“I have had discussions with their office in Cote D’Ivoire and I have complained that we don’t want to be surprised. We are hearing things but we want to see the long list of those that are interested in acquiring their shares. I have expressed those concerns to their office in the Côte d’Ivoire. Hopefully, we will hear something from them soon,” he said.
He disclosed that the Bank of Ghana did not officially receive any information from SG, hence the decision to be proactive in contacting the bank.
“We have not officially received any information on that from SG both from their group or office from Accra. We want to see the long list of those that are interested in acquiring their shares, so have expressed those concerns. Hopefully we will share something from the group very soon”, he reiterated.
Earlier reports indicated that the SG Group in France, which holds 60.22% of SG Ghana has initiated a strategic move to sell its shares and exit the country.
A Business Desk Report