{
  "id": 2335393,
  "title": "Bayport posts strong H1 2026 performance… targets to double profit by year-end",
  "url": "https://urgent.news/2026/08/21/bayport-posts-strong-h1-2026-performance-targets-to-double-profit-by",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T07:32:06.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/bayport-posts-strong-h1-2026-performance-targets-to-double-profit-by-year-end/"
  },
  "original_language": "en",
  "account": "Bayport Savings and Loans PLC, a prominent payroll lender, has set an ambitious goal to double its profit by the end of 2026, following a robust first-half performance. The company reported a profit of GH¢218 million in the half-year, aiming for GH¢436 million by year-end. CEO Akwasi Aboagye highlighted the company's success to The Ghanaian Times, citing its strategy, disciplined operations, and increasing customer confidence. Falling interest rates have allowed Bayport to offer more affordable loans to government employees, contributing to its growth. The company currently holds 33% of the government payroll lending market and aims to expand this share to at least 50% by 2029, focusing on financial inclusion. Bayport's non-performing loan ratio stands at 8.1%, below the Bank of Ghana's 10% benchmark, and is expected to drop to 7% by year-end. Ms Abena Amoah, Managing Director of the Ghana Stock Exchange (GSE), praised Bayport's strong performance and commitment to customer service, noting its significant contribution to Ghana's financial inclusion efforts.",
  "summary": "Bayport Savings and Loans PLC, a leading payroll lender, has set an ambitious target to double its profit by the end of the year, building on a strong performance recorded in the first half. The company, which reported a profit of GH¢218 million at half-year, is targeting GH¢436 million by the end of the year, … The post Bayport posts strong H1 2026 performance… targets to double profit by…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}