Societe Generale Ghana sells points of sales to HFC Bank

Societe Generale Ghana (SOGEGH) has sold its eight points of sales (PoS) to Ghanaian bank HFC, it has been announced.

According to a statement issued by the Ghana Stock Exchange (GSE) November 7, 2013, SOGEGH’s PoS included three branches and five agencies.

All located in the Western Region, SOGEGH’s eight PoS are the Asankragwa, Essam and Sefwi Wiawso branches.

The others were Adabokrom, Asempaneye, Sefwi Bekwai, Juabeso and Akontombra agencies.

The sale which was concluded October 31, 2013 was approved by the Board of Directors of SOGEGH in July 2013 and the Bank of Ghana in September 2013, the statement said.

By Ekow Quandzie