Societe Generale Ghana Limited (SG) is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

that is based in Ghana, previously known as ''Société Générale - Social Security Bank'' (SG-SSB). The bank is part of the Société Générale banking group. The bank is based in

Accra Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...

and its stock is listed on the

Ghana Stock Exchange The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 stock, equities (from 37 company, companies) and 2 corporate bonds. All type ...

. It is a component of the

GSE All-Share Index The principal stock index of the Ghana Stock Exchange or GSE is the GSE Composite Index. It was introduced in 2011 with a base value of 1000 points. This index is calculated from the values of each of the market's listings. Market listings P ...

. According to its website it is the 7th largest bank in Ghana and has 45 networked branches in Ghana.

History

SG began in 1975 as "Security Guarantee Trust Limited" and the next year changed its name to "Social Security Bank Limited", or "SSB". In 1994, SSB and the "National Savings and Credit Bank" merged under a World Bank program. The next year, the government of Ghana divested its 21% share of the bank and it was converted to a

public limited liability company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be f ...

and subsequently listed on the

. In 2004, the bank rebranded as SG-SSB after Societe Generale acquired a 51% controlling interest in the institution. and in 2013 rebranded as SG to conform with the group name Société Générale.

Overview

According to its website, the bank is the 5th largest commercial bank in Ghana by assets, as of December 2011. , the bank's total assets were valued at approximately US$423.4 million (GHS:685.9 million), with shareholders' equity of approximately US$71.9 million (GHS:116.2+ million). The bank markets the "Sika" program including the SIKA Card, a

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

and the Sikatext Initiative Program. The bank is actively investing in internet banking.

Société Générale Group

The bank is one of the Société Générale subsidiaries. Out of these, seventeen (17) are in

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

, in the countries of:

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north ...

Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to th ...

, Cameroon, Chad,

Côte d’Ivoire Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...

, Egypt, Ghana, Guinea,

Equatorial Guinea Equatorial Guinea ( es, Guinea Ecuatorial; french: Guinée équatoriale; pt, Guiné Equatorial), officially the Republic of Equatorial Guinea ( es, link=no, República de Guinea Ecuatorial, french: link=no, République de Guinée équatoria ...

, Madagascar, Mauritania, Morocco, Senegal, South African Republic, and Tunisia.

Ownership

The bank's stock is listed on the

and is traded under the symbol: SG-SSB. Major shareholders in the bank include the following corporate entities and individuals:

Branches

, SG-SSB maintains a network of thirty-eight branches in all regions of Ghana.Location of Branches of SG-SSB
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Greater Accra region

*Accra New Town (Branch) *Ashaiman ( Branch) *Faanofa (Branch) *Kasoa (Branch) *Kaneshie Main (Branch) *Spintex Road (Branch) *Osu (Branch) *East Legon (Branch) *Lotteries (Agency) *Pig Farm Spot Bank (Agency) *North Industrial Area (Branch) *Accra Main (Branch) *Okaishie (Branch) *Premier Towers (Branch) *Ring Road Central (Branch) *Tema Main Comm 2 (Branch) *Tema Fishing Harbour (Branch) *Tema Motorway Spot Bank (Agency) *Tudu (Branch) *Madina (Branch) *Dansoman )(BRANCH) * Achimota (BRANCH)

Ashanti region

*Adum (Branch) *Asafo (Branch) *Kumasi Central (Branch) *Suame (Branch) *Tepa (Agency) *Kejetia (Branch)

Brong-Aharfo region

*Berekum (Branch) *Sunyani (Branch)

Central region

*Cape Coast (Branch) *Dunkwa (Branch)

Eastern region

*Akim Oda (Branch) *Koforidua (Branch)

Northern region

*Tamale (Branch)

Upper east region

*Bolgatanga (Branch)

Volta region

*Ho (Branch)

Western region

*Adabokrom (Agency) *Bibiani (Branch) *Takoradi (Branch) *Akontombra (Agency) * *Tarkwa (Branch)

References

External links

SG-SSB HomepageResearch on SG-SSB from Gold Coast Securities in Ghana, in PDF formatProfile at AlacrastoreThe 20 Major Shareholders In SG-SSB
{{DEFAULTSORT:Sg-Ssb Banks of Ghana Companies listed on the Ghana Stock Exchange Banks established in 1975 Société Générale 1975 establishments in Ghana