SG-SSB Jobs in Ghana 2014
SG-SSB Ltd, a strong local bank, has been one of the leading banks in Ghana. SG-SSB Ltd operates 45 fully networked branches, Agencies and outlets across the country and serves corporate customers, Individuals and Small and Medium Enterprises (SMEs).
- Incorporation 7 February 1975
Incorporated as a private limited liability company with the name Security Guarantee Trust Limited and was solely owned by the Social Security and National Insurance Trust (SSNIT).
- Name Established as SSB 24 February 1976
SSNIT changes the Bank’s name from Security Guarantee Trust Limited to Social Security Bank Limited.
- Licence Granted 17 September 1976
Bank of Ghana grants a licence to Social Security Bank Ltd to operate as a Bank.
- Bank Officially Opens 17 January 1977
The Bank officially opens to the public with the first Branch, Accra Main located on the ground floor of the Head office. The next branch to be opened is the North Industrial Area branch.
- Merge with NS&C Bank 3 May 1994
The Bank successfully merges with the National Savings & Credit Bank and retains the name Social Security Bank Ltd.
- Public Offer July 1995
The Bank makes a public offer of 30% of its shares. SSNIT divests 20% of its share holding in the Bank.
- SSB Goes Public October 1995
The Bank is listed on the Ghana Stock Exchange.
- Strategic Investment 1997
Strategic investor, a consortium made up of Blakeney Management Corporation UK, Morgan Stanley, Quantum (Soros) Emerging Market Investment Corporation and others, buys 52% of SSB Bank’s issued shares. Allied Irish Banks PLC is appointed as technical partner.
- Change of Name 1998
SSB Bank changes its name from Social Security Bank Limited to SSB Bank Limited.
- Share Acquisition December 1999
Commonwealth Development Corporation (CDC) acquires 20% stake in the Bank.
- Change of Ownership March 2003
The ownership structure of SSB Bank changed. Société Générale, one of the largest banks in the world acquired controlling shares in SSB Bank thus making SSB Bank a subsidiary of Société Générale.
- SSB Bank becomes SG-SSB Ltd 31 March 2004
In March 2004, SSB bank officially becomes SG-SSB Ltd.