Societe Generale Ghana (formerly SG-SSB) has signed a $50 million Credit Facility Agreement with the Government of Ghana to finance the rehabilitation of the Ghana Government Missions abroad.
The Bank is one of the largest networked Banks in Ghana with over 40 Branches. Societe Generale Ghana is listed on the Ghana Stock Exchange and is a member of the Ghana Club 100 of the Ghana Investment Promotion Centre.
Societe Generale Ghana has more than 11,000 Business customers and 216,000 Retail Customers. As a subsidiary of Societe Generale Group present in 19 African countries, the Bank offers Universal Banking services to its clients and the opportunity to directly transact business in the sub-regional and African market.
Societe Generale Ghana is happy to support the rehabilitation of Ghana’s Missions abroad with this financing of $50 million. The signing of this Credit Facility Agreement has come at an opportune time to support the Ghana Government to address some of the challenges faced by the Ghana Foreign Missions.
It is Societe Generale Ghana’s desire to partner Ghana in the socio economic development of the country and to strengthen the already cordial business relations that has existed for many years between the Societe Generale Group, Societe Generale Ghana and the Government of Ghana.
All observers acknowledge that there is rule of law and respect for human rights in Ghana and that the country’s democracy has deepened. Therefore as a true development partner of Ghana, Societe Generale Ghana and the Societe Generale Group have financed various Government of Ghana projects to the tune of USD600 million between 2009 and 2016.
Some of the projects Societe Generale has financed totally or as a participating bank in a syndication include the Aboadze Thermal Plant; Fire Tenders for the Ministry of Interior; Steel Bridges for the Ministry of Roads & Highways; E-Government Project for the Ministry of Communication; 2 GRIDCo Transmission Projects; the Accra Streets Asphalting; the Kwame Nkrumah and Kasoa Interchanges and the Ghana Cocobod Cocoa Syndication since 1997 to date.
Societe Generale has significantly invested in Ghana’s financial sector in view of the stable political environment and improving economy with strong medium and long-term prospects.
Societe Generale Ghana
Societe Generale Ghana is one of the leading banks in Ghana with 42-networked branches across the country. The Bank provides Retail and Corporate clients with dedicated innovative products and services aimed at satisfying and anticipating customers' needs.
The Bank is recognized for supporting individuals and businesses of various sizes and backgrounds to achieve their full potential. The Bank is the foremost innovator in the Banking industry spearheading key reforms such as Doorstep Banking, Factoring, Cash Management, Foreign Exchange and Commodity Hedging, Consumer Credit Loan, Sika Card, Sikatel and Sikatext to meet its customers’ needs.
Societe Generale Group
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy for over 150 years. With more than 148,000 employees, based in 76 countries, we accompany 30 million clients throughout the world on a daily basis. Societe Generale’s teams offer advice and services to individual, corporate and institutional customers in three core businesses:
Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;
International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;
Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.
Societe Generale is included in the main socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices.