For Letshego Ghana Savings and Loans PLC, the strongest message from its half-year results was not the jump in profits. It was the company’s growing conviction that Ghana’s next phase of economic growth will be driven by people who have traditionally struggled to access finance, particularly women entrepreneurs, micro businesses and underserved households.
The lender is expanding its financial inclusion agenda through digital lending, new savings products and specialised financing programmes aimed at widening access to affordable credit while preparing for a potential transition into a microfinance bank.
Speaking during the company’s “Facts Behind the Figures” presentation at the Ghana Stock Exchange, Chief Executive Officer Nii Amankra Tetteh said Letshego’s strategy remains focused on creating long-term value by expanding access to financial services rather than simply growing its loan portfolio.
“We remain confident in our outlook and focused on delivering profitable and responsible growth. Our priority is to create long-term value for our customers, employees, shareholders and the communities we serve, while continuing to expand access to financial services across Ghana,” he said.
Women Entrepreneurs Take Centre Stage
One of the company’s most significant initiatives during the first half of the year was the introduction of group lending programmes tailored specifically for women entrepreneurs.
The pilot programme is expected to improve access to credit for women-owned businesses that often face barriers in obtaining formal financing, while strengthening household incomes and supporting local economic activity.
Beyond lending, Letshego also continued financing clean energy and green mobility projects as part of its Environmental, Social and Governance (ESG) strategy, reinforcing its ambition to combine commercial growth with sustainable development.
The company says these initiatives reflect its broader mission of improving lives through inclusive finance and economic empowerment.
Digital Lending Remains the Growth Engine
Technology continues to sit at the centre of Letshego’s growth strategy.
Its mobile lending platform remained the company’s biggest distribution channel during the first half of the year, enabling customers to access loans more conveniently while extending financial services beyond traditional branch networks.
The company now plans to deepen its digital footprint even further by accelerating digital lending services and introducing QwikSave, a retail savings product expected to encourage greater household savings and broaden customer participation in the formal financial sector.
Management believes digital financial services will remain critical to reaching underserved communities while improving operational efficiency.
Preparing for the Next Phase
Looking ahead, Letshego expects the second half of 2026 to focus on strengthening portfolio quality, improving collections and expanding impact-driven lending programmes.
The company is also positioning itself for a possible transition into a microfinance bank, subject to ongoing regulatory reforms by the Bank of Ghana.
Management believes the transition would provide greater flexibility to broaden its financial services offering while supporting Ghana’s financial inclusion agenda.
At the same time, the company intends to continue investing in technology and operational systems to improve customer experience and support long-term growth.
Chief Finance Officer Daisy O. Adjei-Boadi said the company’s performance demonstrates the resilience of its business model.
“Our H1 2026 results reflect the strength of our strategy, the resilience of our business model and our commitment to sustainable growth. We continue to deliver strong earnings while strengthening our balance sheet, diversifying our portfolio and deepening financial inclusion across Ghana,” she said.
Strong Financial Foundation
Letshego Ghana’s expansion plans are backed by solid financial performance during the first half of 2026.
Profit before tax rose to GH¢67 million from GH¢24 million a year earlier, while lending income increased 35% to GH¢308 million, driven by higher loan disbursements and lower funding costs.
The company disbursed GH¢5 billion through its mobile lending platform during the period, with its gross loan book reaching GH¢1.2 billion.
Customer deposits increased to GH¢834 million, total assets grew to GH¢1.9 billion, while its capital adequacy ratio stood at 20.2%, comfortably above regulatory requirements.
Letshego Ghana has also maintained an active presence in Ghana’s bond market for more than a decade, giving it continued access to long-term funding to support lending, financial inclusion initiatives and future business expansion.
