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SSNIT offloads shares in Merchant Bank
 
Posted on: 02-Nov-2013         Source: GNA
 
 
 
The Social Security and National Insurance Trust (SSNIT) has off loaded majority of its shares in Merchant Bank Ghana Limited to Fortiz Private Equity Fund Ltd, a wholly owned Ghanaian equity fund.

A statement signed by Evangeline Amegashie, Corporate Affairs Manager of SSNIT, noted that, under the transaction, "Fortiz now becomes the majority shareholder in Merchant Bank Ghana Ltd, which includes the non-performing loans in Merchant Assets Recovery Trust".

"This to confirm that that the Bank of Ghana has received the agreement between the parties and given its approval, the statement said.