The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has absorbed customers of the local subsidiary of Indian-state lender, Bank of Baroda under an arrangement that comes at no cost to the former.

Multiple sources involved in the arrangement say the transaction was sealed in the tail end of December 2018, paving the way for Baroda to officially wind up its Ghana operations on 31 December 2018.

For more information, please see https://www.myjoyonline.com/business/2019/January-1st/stanbic-bank-takes-over-bank-of-baroda.php