First Rand still interested in acquiring a bank in Ghana

First Rand still interested in acquiring a bank in Ghana

South Africa’s biggest finance group, First Rand says it is still interested in acquiring a bank in Ghana despite failing to take over Merchant bank.

In a responds to questions sent to the group by Joy Business, its Director of Investor Relations Sam Moss said they would continue to explore opportunities in Ghana.

This is because Ghana remains a priority for the group’s expansion drive.

The Social Security and National Insurance Trust (SSNIT) last month announced that it was unable to reach an agreement with First Rand over Merchant Bank’s sale.

The Trust added that it is now looking for new suitors for the Bank.

Meanwhile the acting Director General of SSNIT, Ernest Thompson has told Joy Business the company would not rush on the sale of Merchant bank.

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