OmniBank Ghana Limited (“OmniBank”) and BSIC Ghana Limited, trading as Sahel Sahara Bank (“BSIC”) are pleased to announce that in a letter
dated 14th August 2018 the Central Bank informed the two banks as follows:
“The Bank of Ghana (BOG) has “no objection” for merger talks between BSIC Bank (Ghana) Ltd. and OmniBank Ghana Ltd. to commence. You
are, however, to note that the final approval of a merger will only be considered after all the necessary documentation has been submitted for
By this arrangement, the banks have since signed a Heads of Terms (“Memorandum of Understanding”) to govern their intention to merge and
commenced the process to meet all requirements for final BOG approval.
In view of this, we are grateful to the Bank of Ghana, our cherished customers and all other stakeholders for their support and cooperation. We
are committed to supporting the Bank of Ghana in its quest to ensure stability, confidence and growth in the banking sector.
We also wish to assure our customers and the investing public that this merger when finally completed, will position our Bank as a major player
in the banking industry to support private sector growth and Ghana’s development agenda.