Letshego Ghana Savings and Loans PLC demonstrated robust financial health for the first half of 2025, navigating persistent economic pressures.
The company announced its results during a Ghana Stock Exchange “Facts behind the Figures” session on August 6th, highlighting strong fundamentals and strategic realignment as key drivers. Customer deposits surged significantly, rising 130% to reach GHS 674 million.
This substantial deposit growth, including a 104% increase in retail deposits, underscores the company’s success in securing more stable and lower-cost funding. Total assets grew modestly by 2% year-on-year to GHS 1.73 billion, primarily fueled by an 8% expansion in the gross loan portfolio. The institution maintained a solid capital position, with total equity at GHS 323 million and a capital adequacy ratio of 18.6%, comfortably exceeding regulatory requirements.
Liquidity improved markedly, supported by a 147% increase in cash and cash equivalents. This aligns well with Letshego Ghana’s operational model focused on short-term, high-volume transactional lending.
On the income front, net interest income climbed 38% year-on-year, contributing to a 13% rise in total operating income, which reached GHS 213 million. Product diversification, particularly within mobile loans and deduction-at-source financing, was instrumental in this performance.
Chief Executive Officer Nii Amankra Tetteh linked the results to disciplined operations and deeper customer insights. “Our performance reflects continued discipline in operations, deeper customer insights, and a clear commitment to financial inclusion,” Tetteh stated. He expressed particular pride in the retail deposit mobilisation success and the strong liquidity position secured to underpin future expansion.
The company also emphasized its commitment to Environmental, Social, and Governance (ESG) priorities. A notable initiative is a GHS 200 million solar energy financing partnership established with the Catholic Church, positioning Letshego Ghana as a catalyst for sustainable development.
Chief Commercial Officer Sam Donkor highlighted the firm’s strategic positioning. “With a growing loan book, diversified revenue streams, and sound capital buffers, we are well-positioned to scale impact-led finance,” Donkor remarked, citing strong liquidity and evolving digital infrastructure as key enablers.
Ghana Stock Exchange Managing Director Abena Amoah commended Letshego Ghana for its focus on sustainable and impact-led finance during the session. She encouraged the institution to explore issuing green, social, or gender bonds, affirming the Exchange’s readiness to support such efforts.
Amoah also congratulated Letshego on its decade-long presence on the GSE, noting its consistent performance, including 46 issuances raising over GHS 675 million to foster community impact and wealth creation. Letshego Ghana operates as a non-bank financial institution with 10 branches and over 100 staff, serving individuals and micro/small entrepreneurs.
