Founder and Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, has confirmed that his group is actively exploring the possibility of acquiring Standard Chartered Bank Ghana’s Wealth and Retail Banking (WRB) business.
The announcement follows Standard Chartered’s disclosure that it is reviewing the potential sale of its retail banking operations in Ghana.
In a statement shared via WhatsApp, Dr. Nduom indicated that Groupe Nduom is seriously assessing the opportunity. He also hinted that the resulting entity could be listed on the Ghana Stock Exchange if the deal materializes.
“We are exploring the acquisition of Standard Chartered Ghana’s retail banking business. We believe this presents a significant opportunity for indigenous Ghanaian investors,” Dr. Nduom stated.
He emphasized the importance of prioritizing local ownership in the transaction, arguing that any divestiture of the retail banking business should have strong Ghanaian participation at its core.
Background
Standard Chartered Bank Ghana recently assured its customers that their deposits remain safe and that all banking services will continue uninterrupted during the ongoing review process.
Dr. Nduom’s interest in the deal is seen as a bold move that could significantly reshape the retail banking landscape in Ghana if successful. Groupe Nduom already has substantial interests in banking, insurance, media, and other sectors.
The potential acquisition comes at a time when several international banks are reviewing their operations in Africa, creating opportunities for local and regional players.
We Are Exploring Standard Chartered Ghana Retail Business Acquisition – Dr. Nduom
