The Bank will maintain its presence in Ghana through its Corporate and Investment Banking business
Standard Chartered PLC yesterday announced its intention to explore the sale of its Wealth & Retail Banking (“WRB”) business in Ghana. This is in line with the Group Strategy to regularly review its portfolio as it continues to sharpen its focus on businesses and client segments where it has the greatest scale and most differentiated client proposition.
This announcement does not affect the Corporate and Investment Banking (CIB) business, which will continue to operate in Ghana, and has a strong role as a super-connector through our international network, cross-border capabilities, and sector expertise.
This move is further to the Group’s strategic focus on cross-border and affluent clients, as reaffirmed at its FY 2025 results. Any potential transaction remains subject to regulatory approvals.
Xorse Godzi, Chief Executive Officer and Head of Coverage, Standard Chartered Ghana , said: “Our WRB business in Ghana is a strong franchise with established client base and talented colleagues. We believe that it is well-positioned to continue to succeed under new ownership. We are focused on the next phase of our growth by prioritising businesses where we have a strong competitive advantage and a distinctive cross-border proposition. Ghana remains a core part of our international network, and we continue to see long-term opportunities driven by trade, infrastructure investment and capital flows.”
He added: “The transition is expected be phased over 18 to 24 months, subject to regulatory approvals. During this period, it will be business-as-usual for clients, with continued engagement to ensure an orderly transition and minimal disruption.”
Bongiwe Gangeni, Head, WRB, Europe, Middle East and Africa, Standard Chartered, said:“We continue to actively review our portfolio to ensure capital is deployed where it delivers the strongest returns and strategic impact. We remain committed to supporting our clients through this transition, with a clear focus on continuity and client outcomes.
This is about being more focused and impactful in Africa – driven by our hubs in Kenya and Nigeria, where our WRB businesses continue to drive growth at scale, complementing our super-connector CIB franchises in those markets.”
Standard Chartered continues to invest in Africa as a core part of its international network. Over the past five years, the Group has invested US$300 million in technology and Africa-based ventures. In 2025, the Group financed US$5 billion in infrastructure in Africa.
This included the US$200 million Clean Cooking Outcome Bond issued by the World Bank, which unlocked US$30.5 million in climate finance for Ghana, and the US$504 million Côte d’Ivoire sustainability-linked loan. This continued commitment to Africa’s growth has been recognised through multiple industry accolades, including Best Investment Bank for Infrastructure Finance by Global Finance.
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