Letshego Ghana Savings and Loans PLC recorded a profit before tax of GHS 67 million for the first half of 2026. This figure represents a significant increase from the GHS 24 million reported during the corresponding period last year, highlighting a period of robust financial expansion.
This strong performance was primarily driven by a 35% growth in lending income, which reached GHS 308 million. Higher disbursement volumes and lower funding costs contributed to improved margins. The company also demonstrated disciplined cost management and maintained resilient asset quality throughout the period.
The positive results align with broader trends in Ghana's financial sector, where several institutions are reporting strong half-year performances. This indicates a resilient banking and finance landscape despite ongoing economic adjustments. The growth in lending also suggests increased economic activity and demand for credit across various segments of the Ghanaian economy.
Daisy O. Adjei Boadi, Chief Finance Officer of Letshego Ghana, stated, “Our half year 2026 results reflect the strength of our strategy, the resilience of our business model and our commitment to sustainable growth.” She added that the company continues to deliver strong earnings while strengthening its balance sheet and diversifying its portfolio.
Looking ahead, Letshego Ghana plans to accelerate digital lending initiatives and introduce its QwikSave retail savings product. These strategic moves aim to deepen financial inclusion across Ghana and position the company for continued growth. Decision-makers and market observers will closely watch these developments as the company potentially transitions to a microfinance bank.
Mobile lending remained a key driver, with disbursements totaling GHS 5.0 billion in the first half of the year. The gross loan book expanded to GHS 1.2 billion, reflecting the company's successful outreach. Total assets increased to GHS 1.9 billion, demonstrating balance sheet strength.
Customer deposits also rose to GHS 834 million, indicating sustained customer confidence and progress in mobilizing stable retail funding. The company maintained a strong capital adequacy ratio of 20.2%, comfortably exceeding regulatory requirements. This provides ample capacity for future business expansion and investment.
Letshego Ghana has actively participated in the bond market for over a decade, raising capital to support its lending activities and financial inclusion efforts. Its well-managed maturity profile and available capacity under its bond programme ensure funding flexibility for future growth.
Beyond financial metrics, Letshego Ghana continues to advance its financial inclusion agenda. This includes expanding access to credit for individuals, women entrepreneurs, and micro and small enterprises. These initiatives underscore the company's commitment to Environmental, Social, and Governance (ESG) priorities.
Nii Amankra Tetteh, Chief Executive Officer of Letshego Ghana, expressed confidence in the company's outlook. He emphasized a focus on delivering profitable and responsible growth while expanding access to financial services. The company's strategy aims to create long-term value for all stakeholders, including customers, employees, and shareholders.
The financial services provider offers credit and savings solutions to individuals in both public and private sectors. It also supports micro and small enterprises through physical, partnership, and digital channels. This broad approach contributes to economic empowerment and sustainable development in Ghana.