Bayport marks two decades of driving financial inclusion in Ghana


Bayport Savings and Loans Plc, the foremost provider of deduction at source loans, savings, and investment products, is thrilled to announce the commencement of its 20th-anniversary celebrations. This milestone signifies twenty years of delivering seamless payroll lending services to public sector workers, as well as offering savings and investment solutions to the public nationwide.

During the anniversary launch, Mr. Akwasi Aboagye, the Chief Executive Officer of Bayport Savings and Loans, passionately reiterated the company’s unwavering commitment to its vision of empowering individuals and improving livelihoods.

“My team and I remain more focused than ever on leading the “deduction at source” lending and savings and fixed deposit investments sectors of the financial services industry,” he assured.

Amidst the prevalent macroeconomic challenges and their consequential impact on the financial sector, Mr. Aboagye resolutely affirmed that Bayport has successfully charted a resilient course that guarantees sustained growth in the foreseeable future. Moreover, the company remains unwavering in its commitment to providing access to essential financial services for Ghanaians.

Mr. Aboagye highlighted that the company’s transformation into a fully digitized and interconnected financial services provider. This strategic shift he said has enabled Bayport to meet the evolving needs of its customers more effectively and efficiently.

“We firmly believe that we can enhance our operations further, leveraging advancements in technology and automation to become a fully dynamic enterprise. Throughout this evolution, we remain steadfast in upholding the highest levels of security, transparency, customer service, risk management, and ethics,” he added.

Mr. Aboagye further conveyed the company’s unwavering commitment to promoting financial inclusion by providing tailored loan and investment products that empower individuals and contribute to their financial well-being. Bayport aims to serve as a catalyst for positive change, striving to make a meaningful impact in the lives of its esteemed customers.

“While we have come a long way, our journey is far from over. There is still much to be accomplished, and we are committed to building a customer-centric, resilient, and sustainable business,” he noted.

He applauded the board, management, and all Bayporteers for their unrelenting dedication and support that has pushed the sustained growth of the company over the past two decades.

Head of Supervision at the Bank of Ghana, Mr. Osei Gyasi, commended the leadership of Bayport for the significant role they continue to play in driving financial inclusion in the country, especially in the provision of loans to public sector workers.

He further applauded the company’s remarkable journey in the domestic financial sector over the years whilst encouraging them to explore innovations that will sustain growth and profitability.

The 20th-anniversary celebrations are on the theme “Bayport Savings and Loans: Celebrating 20 years of needs met, opportunities created, plans accomplished, hopes realized and dreams fulfilled.”

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