Societe Generale Ghana denies takeover reports involving BOA and Access Bank

Societe Generale Ghana PLC has issued a clarification regarding media reports suggesting that Bank of Africa (BOA) and Access Bank are competing to acquire a majority stake in the institution. In a market announcement dated September 9, 2026, the bank stated that these reports were unverified and did not originate from Societe Generale Ghana or its parent company, Societe Generale Group.

The disclosure was made in compliance with the Ghana Stock Exchange (GSE) Listing Rules, which require listed companies to clarify information that could influence market decisions or investor perceptions. While the bank distanced itself from the specific claims regarding BOA and Access Bank, the statement did not explicitly rule out the possibility of future ownership changes or transactions.

Speculation regarding a change in majority ownership is considered significant for investors, as it can impact share prices, management structure, and the bank’s strategic direction within the Ghanaian banking sector.