French Bank Société Générale has dismissed rumours suggesting its withdrawal from the Ghanaian banking sector, describing them as baseless speculation.
The bank clarified that it is restructuring its operations to better align with international market dynamics.
Addressing concerns raised by shareholders regarding the alleged departure during the 44th Annual General Meeting, Société Générale’s Managing Director, Hakim Ouzzani, emphasized that the reports were not originating from the bank itself.
“Some rumours have indeed taken root regarding SG Ghana. But it’s important to mention to all our stakeholders and our shareholders that the news item being circulated. “We don’t want to comment further. But really, I insist on the papers is not by SG, it is not by SG Ghana,” he stated.
Widely circulated reports have indicated that Société Générale was exiting the Ghanaian banking sector after 20 years.
