French banking giant Société Générale has firmly refuted rumors circulating about its withdrawal from the Ghanaian banking sector, dismissing the speculation as baseless.
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The bank, which has been operating in Ghana for over two decades, moved swiftly to quash the unfounded reports, emphasizing that they did not originate from Société Générale itself.
Speaking at the 44th Annual General Meeting, Managing Director Hakim Ouzzani addressed the rumors, assuring stakeholders and shareholders that the purported news of Société Générale’s exit from Ghana was not issued by the bank or its Ghanaian subsidiary.
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“While certain rumors regarding SG Ghana have surfaced, it’s imperative to clarify to all our stakeholders and shareholders that the reports circulating in the media are not endorsed by the group or SG Ghana,” Ouzzani emphasized.
In response to queries from shareholders regarding the alleged departure, Ouzzani reiterated the bank’s stance, affirming that the circulated reports did not originate from Société Générale.
Société Générale went on to explain that any current operational adjustments are part of a strategic restructuring aimed at better aligning the bank with the changing dynamics of international markets.
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