The Managing Director of Bayport Savings and Loans, Nii Amankra Tetteh, has stepped down from his position at the firm.
The company said Mr Tetteh tended in his resignation in order “to pursue other opportunities elsewhere”.
Bayport is one of the companies which has listed financial securities on the Ghana Fixed Income Market (GFIM) operated by the Ghana Stock Exchange (GSE).
Investors have been informed that Mr Tetteh is expected to be available to assist the firm in the next eight weeks for a smooth transition process.
Meanwhile, Bayport has initiated the necessary steps which are expected to lead to the appointment of a permanent replacement.
“Bayport would like to thank Nii Amankra Tetteh for his outstanding service and wish him the very best in his endeavours,” a statement from the GSE on behalf of Bayport said on Wednesday, March 10.
Mr Tetteh was appointed in 2017 and was approved by the Bank of Ghana (BoG) on December 11, 2017, to replace Mr Kofi Adu-Mensah.
He joined Bayport from Barclays Bank of Ghana Ltd, where he was Director, Retail & Business Banking.
Profile of Mr Tetteh
He started his banking career at Standard Chartered Bank in August of 2001. In February 2006, following his passion for SME Banking, He joined Barclays Bank as a Business Development Manager.
Nii Amankra then joined the Barclays Retail Banking Business in 2009 and was confirmed as Head of Retail Distribution in 2010 a key member of the team that turned the Barclays Retail Business around, building it into Ghana’s leading Retail Banking Business.
In August of 2014, Nii Amankra joined the Regional Office of the Retail Banking Business for Barclays Africa Group Limited as Head for Branch Optimization covering Barclays Africa’s 12 Markets outside of South Africa.
Nii Amankra returned to Barclays Bank of Ghana Limited, in September of 2016 as Director, Retail & Business Banking, a role he held until assuming the managing directorship of Bayport. Savings and Loans limited.
Nii Amankra is an Alumnus of China Europe International Business School, Shanghai, University of Leicester, UK, the University of Ghana, Legon and an old student of Mfantsipim School.
In 2020, the company recorded a profit after tax of GH¢8.4 million, which is a significant increase on the GH¢185, 000 achieved for the same period in 2019.
It’s total assets also grew from GH¢788 million in the first half of 2019 to GH¢809 million in the first half of 2020, representing a growth of three per cent.
Bayport Savings and Loans is a member of the Bayport Group of Companies of which Bayport Management Limited is the holding company.
Bayport Group’s subsidiaries operate in nine countries, namely Botswana, Colombia, Ghana, Mozambique, Mexico, South Africa, Tanzania, Uganda and Zambia.
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