Societe Generale Ghana PLC is expanding its securities custody offering in Ghana, drawing on the expertise of Societe Generale Securities Services (SGSS).
The new securities services offer will allow the bank to strengthen its services for a local and international clientele of institutional investors and to develop its offer in Ghana, one of the main financial markets in West Africa. A media release issued in Accra by the bank said Societe Generale Ghana would provide custody services based on its newly implemented IT platform.
“Connected to the SWIFT interbank network, the ambition is to offer the best international standards in the management of securities instructions and transactions.”
“This enriched offer will combine Societe Generale’s knowledge of the local market and SGSS’ expertise in the securities business in order to offer the best solutions in terms of custody,” it said.
It added that those extended services in Ghana reinforced Societe Generale’s footprint on the continent, as it provided similar support for the other subsidiaries within the West African Economic and Monetary Union1 (WAEMU) from Côte d’Ivoire, within the Economic and Monetary Community of Central Africa2 (CEMAC) from Cameroon, as well as in Morocco and Tunisia.