Société Générale Group plans to leave Ghana after agreeing to sell its 60.22% holding in Société Générale Ghana to Morocco-based Attijariwafa Bank and the Social Security and National Insurance Trust (SSNIT).
Under the deal announced on October 1, 2026, Attijariwafa will purchase 55.22% of the lender, while SSNIT will take an additional 5%.
Completion depends on regulatory clearance and other customary conditions.
Once approved, Attijariwafa will assume the Ghanaian bank’s business, customer accounts and workforce, ending Société Générale Group’s ownership.
Société Générale Ghana serves retail and corporate clients through 40 branches and outlets nationwide.
Its offerings include factoring, leasing, cash management, foreign-exchange hedging, consumer loans and bill-payment services.
SSNIT and other investors hold the balance of the bank’s shares.
After the sale, Attijariwafa will become its majority owner.
By: Magdalene Agyeiwaa Sarpong