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Business News of Tuesday, 17 July 2018

Source: Graphic.com.gh

GN Bank concludes merger talks with Premium and Sahel Sahara banks

Three banks, GN Bank, Premium Bank and Sahel Sahara Bank, have concluded a merger deal that could be the first in a series of others to follow.

Graphic Online can confirm that the three institutions reached a deal earlier this month, paving the way for a formal announcement later this week.

The transaction was led by Gold Coast Fund Management, a subsidiary of the Groupe Nduom, owned by business magnate and politician, Dr Paa Kwesi Nduom, and his wife, Mrs Nduom.