SSB sells shares in TAYSEC

In a move reminiscent of fattening the proverbial cow for the market, the Social Security Bank has sold for c4.2bn its 30 per cent equity holding in TAYSEC group, a construction company.

TAYSEC was formed by Taylor Woodrow and SSB as a construction company and has been successful on the Ghanaian construction industry.

According to the bank, the sale was made in order to concentrate on its core business of providing banking services to the public.