Societe Generale Ghana Limited (SG) is a

bank A bank is a financial institution that accepts Deposit account, 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 m ...

that is based in

Ghana Ghana, officially the Republic of Ghana, is a country in West Africa. It is situated along the Gulf of Guinea and the Atlantic Ocean to the south, and shares borders with Côte d’Ivoire to the west, Burkina Faso to the north, and Togo to t ...

, previously known as ''Société Générale - Social Security Bank'' (SG-SSB). The bank is part of the

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

banking group. The bank is based in

Accra Accra (; or ''Gaga''; ; Ewe: Gɛ; ) 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, , had a population of ...

and its

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

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 typ ...

. It is a component of the GSE All-Share Index. 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 The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

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 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

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

internet banking Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

Société Générale Group

The bank is one of the

subsidiaries. Out of these, seventeen (17) are in

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

, in the countries of:

Algeria Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Alger ...

Benin Benin, officially the Republic of Benin, is a country in West Africa. It was formerly known as Dahomey. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east. The majority of its po ...

Burkina Faso Burkina Faso is a landlocked country in West Africa, bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the south, and Ivory Coast to the southwest. It covers an area of 274,223 km2 (105,87 ...

Cameroon Cameroon, officially the Republic of Cameroon, is a country in Central Africa. It shares boundaries with Nigeria to the west and north, Chad to the northeast, the Central African Republic to the east, and Equatorial Guinea, Gabon, and the R ...

Chad Chad, officially the Republic of Chad, is a landlocked country at the crossroads of North Africa, North and Central Africa. It is bordered by Libya to Chad–Libya border, the north, Sudan to Chad–Sudan border, the east, the Central Afric ...

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

Egypt Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...

Guinea Guinea, officially the Republic of Guinea, is a coastal country in West Africa. It borders the Atlantic Ocean to the west, Guinea-Bissau to the northwest, Senegal to the north, Mali to the northeast, Côte d'Ivoire to the southeast, and Sier ...

Equatorial Guinea Equatorial Guinea, officially the Republic of Equatorial Guinea, is a country on the west coast of Central Africa. It has an area of . Formerly the colony of Spanish Guinea, its post-independence name refers to its location both near the Equ ...

Madagascar Madagascar, officially the Republic of Madagascar, is an island country that includes the island of Madagascar and numerous smaller peripheral islands. Lying off the southeastern coast of Africa, it is the world's List of islands by area, f ...

Mauritania Mauritania, officially the Islamic Republic of Mauritania, is a sovereign country in Maghreb, Northwest Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to Mauritania–Western Sahara border, the north and northwest, ...

Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...

Senegal Senegal, officially the Republic of Senegal, is the westernmost country in West Africa, situated on the Atlantic Ocean coastline. It borders Mauritania to Mauritania–Senegal border, the north, Mali to Mali–Senegal border, the east, Guinea t ...

South African Republic The South African Republic (, abbreviated ZAR; ), also known as the Transvaal Republic, was an independent Boer republics, Boer republic in Southern Africa which existed from 1852 to 1902, when it was annexed into the British Empire as a result ...

, and

Tunisia Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa. It is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares m ...

Ownership

The bank's

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) *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) *Kasoa (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