Societe Generale Securities Services (SGSS) is expanding its securities custody offering in Africa, drawing on the expertise of Societe Generale Ghana (GSE:SOGEGH), the Group's subsidiary in the country.

Present in the country for nearly 20 years, Societe Generale Ghana is a key player in the Ghanaian banking market.

This 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.

Societe Generale Ghana and SGSS will provide custody services based on SGSS' IT platform in Africa. Connected to the SWIFT interbanking 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.

These extended services in Ghana reinforce SGSS' footprint on the continent, which already offers its services 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.