"GHASALC Relaunches Industry Games After Eight-Year Hiatus as Bayport Savings and Loans Headlines 2025 Edition"

GHASALC Relaunches Industry Games After Eight-Year Hiatus as Bayport Savings and Loans Headlines 2025 Edition

The Ghana Association of Savings and Loans Companies (GHASALC) has officially launched the 2025 edition of its Industry Games, scheduled to take place on November 15, 2025.

Held under the theme “Building Bonds Beyond Banking”, the event seeks to strengthen collaboration among member institutions and promote the health and well-being of employees across savings and loans companies and finance houses.

The upcoming games mark a return after an eight-year hiatus, with the last edition held in 2017. The long break, GHASALC explained, was due to several challenges, including the 2018 banking sector clean-up, the revocation of microfinance licenses, the Covid-19 pandemic, and the 2022 economic downturn.

This year’s competition will feature 26 savings and loans companies and 11 finance houses, with Bayport Savings and Loans serving as the headline sponsor.

Speaking at the media launch, Chief Executive Officer of Bayport Savings and Loans, Akwasi Aboagye, underscored the importance of the games in promoting unity and resilience within the financial sector.

Mr. Aboagye noted that the sector’s strength lies in the commitment and resilience of its workforce despite the numerous challenges faced over the past decade.

“Our institutions serve as the backbone of the Ghanaian economy as we provide financial services to teachers, traders, health workers, civil servants, and business owners whose livelihoods depend on it. Yet, behind the numbers are the people who make it all possible – our employees. A healthy workforce is not a luxury, but it’s a strategic necessity. When our people thrive, our organisations thrive, and initiatives like these games help reinforce teamwork, mutual respect, and collective progress,” he remarked.

Speaking further, he assured that Bayport remains committed to making the event a lasting tradition that fosters collaboration and inclusivity within the industry.

On his part, the CEO of GHASALC, Tweneboah Koduah Boakye, highlighted the current state of the industry, noting that the sector’s non-performing loans (NPL) ratio currently stands at about 15%, with efforts underway to achieve a single-digit ratio.

He further disclosed that as of September 2025, the industry’s total balance sheet had reached GHS 12 billion, with over 12 million Ghanaians benefitting from loans advanced by member institutions.

The 2025 GHASALC Industry Games is expected to strengthen relationships, enhance employee well-being, and reinforce unity within Ghana’s savings and loans sector.