Audio By Carbonatix
The Bank of Ghana has approved the sale of SSNIT’s interest in First Atlantic Merchant Bank to a Nigeria-based equity-firm Kaderi Nominees.Joy Business has learnt the approval was secured last week from the Central Bank.
This will now see Kaderi take over SSNIT’s 50 percent stake in the bank. First Atlantic thus becomes the second bank SSNIT is working to offload its stake in after the TTB.
Sources at SSNIT have told Joy Business they want to sell off their holdings in some banks because it has become increasingly difficult to meet their commitments. They argue the implementation of the pension reforms has resulted in a dip in their investments – necessitating such initiatives to generate more yields from their investments.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
5 hours -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
5 hours -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
6 hours -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
6 hours -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
6 hours -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
7 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
7 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
8 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
8 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
9 hours -
JOY FM Drive Time host Lexis Bill leads fans up Aburi Mountain in energetic ‘Walk With Lexis’ fitness experience
9 hours -
2026 World Cup: Ghana to open campaign in Toronto against Panama
9 hours -
President Mahama, Lordina support retired Assemblies of God pastors, widows with medical care and Christmas gifts
9 hours -
2025/26 GPL: Nations FC fight back to claim 2-1 win over Heart of Lions
9 hours -
Tanzania responds to international criticism over October post-election events
10 hours
