Standard Chartered Bank Ghana PLC has announced its intention to explore options for the sale of its Wealth and Retail Banking (WRB) business, in a development that may have a material effect on the price of the Company’s securities.
The announcement, issued on June 25, 2026, follows a decision by the Company’s majority shareholder, Standard Chartered PLC together with its subsidiaries, the SC Group which stated as part of its 2025 results on February 24, 2026, that it will continue to focus the resources of its WRB business on Affluent Wealth Management clients.
Standard Chartered Bank Ghana stated that the WRB divestment process will be launched shortly, and that any potential transaction will be subject to regulatory approvals and market conditions. The bank further stated that in the interim, the WRB business will continue to operate as usual pending the completion of any sale.
The bank emphasised that the announcement does not affect its Corporate and Investment Banking (CIB) business, which will continue to operate in Ghana in the event of a WRB sale.
Shareholders of Standard Chartered Bank Ghana have consequently been advised to exercise caution when dealing in the Company’s securities until a further announcement is made.
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