The Bank of Ghana (BOG) has given final approval for the merger of the indigenous lender, OmniBank, with Sahel Sahara Bank into one entity.
Sources close to the merger process says the new bank is to be known as Omni BSIC Bank Ghana Limited.
They said the approval was granted this week after five months of rigorous work on the merger documents between officers of the central bank and those of the two banks.
The approval now paves the way for the management of the two banks to start integrating their operations and human resource, as well as interfacing their banking software.
