SSNIT Boosts Stake in Société Générale Ghana to 24.36%

The Social Security and National Insurance Trust previously held a 19.36% stake. It finalized an acquisition this week that raised its holding to 24.36%. The purchase involved a 60.22% controlling block previously owned by Attijariwafa Bank. SSNIT confirmed the transaction completed on October 1, 2026. The government's support proved decisive in securing the additional stake.

Minister for Finance played a critical role in facilitating the deal. The Trust’s leadership highlighted this milestone as evidence of growing local ownership in Ghana’s financial institutions. It underscores SSNIT’s mandate to protect and grow retirement assets for workers and pensioners. The increased stake strengthens the Trust’s influence within the bank’s governance.

Local ownership in Société Générale Ghana now rises substantially. This shift aligns with broader national goals of deepening indigenous participation in key economic sectors. The development signifies a strategic step toward ensuring financial sector growth benefits ordinary Ghanaians directly.

SSNIT stated the transaction reinforces its commitment to sustainable investment. It will continue focusing on safeguarding contributors’ retirement futures through strategic asset management. The Trust emphasized this milestone advances its long-term vision for Ghana’s financial stability.

No immediate public event is scheduled around this financial development. The stake increase reflects a behind-the-scenes policy achievement rather than a ceremonial announcement. SSNIT’s next steps involve ongoing assessment of the bank’s performance under its expanded ownership.