Letshego Ghana Savings and Loans PLC has posted a striking improvement in its financial performance for the half year ended June 30, 2026, with profit after tax surging to GHS 67 million from GHS 24 million recorded during the same period in 2025.
The performance represents a significant increase in earnings and underscores the company’s growing momentum in Ghana’s financial services sector.
The strong results were disclosed during Letshego Ghana’s “Facts Behind the Figures” engagement with the Ghana Stock Exchange, where management outlined the factors behind the company’s improved performance.
Return on equity also strengthened considerably, rising to 33% from 23%. The increase highlights the company’s ability to generate stronger returns from shareholders’ capital while maintaining a solid balance sheet.
Lending Income Jumps 35%
A major driver of the impressive performance was the growth in lending income.
Letshego Ghana’s lending income increased by 35% to GHS 308 million, supported by higher disbursement volumes during the first six months of the year.
The company said lower funding costs also contributed to improved margins, helping to strengthen profitability despite the competitive nature of Ghana’s financial services market.
Chief Finance Officer of Letshego Ghana, Daisy O. AdjeiBoadi, said the results demonstrate the strength of the company’s strategy and 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.”
Daisy O. AdjeiBoadi
She added that the company remains focused on delivering strong earnings while strengthening its balance sheet, diversifying its portfolio and expanding financial inclusion across Ghana.
Mobile Lending Powers Growth
Mobile lending remained at the heart of Letshego Ghana’s expansion strategy during the period, with the company recording a staggering GHS 5.0 billion in disbursements during the first half of 2026.
The strong disbursement figure highlights the growing importance of digital channels in expanding access to credit and reaching customers across different segments of the economy.
Despite the huge volume of lending activity, the company’s gross loan book closed at GHS 1.2 billion, reflecting its focus on responsible lending and portfolio management.
The continued expansion of digital lending could become an increasingly important source of growth as Ghana’s financial sector moves further toward technology-driven financial services.
Balance Sheet Strengthens
Letshego Ghana also reported significant improvements across its balance sheet.
Total assets increased to GHS 1.9 billion, while customer deposits climbed to GHS 834 million. The growth in deposits points to sustained customer confidence and the company’s progress in mobilising stable retail funding.
Capitalisation also remained strong.
The company’s capital adequacy ratio stood at 20.2%, comfortably above regulatory requirements. This provides Letshego Ghana with additional capacity to expand its operations while maintaining a strong financial buffer.
The combination of higher assets, stronger deposits and robust capitalisation places the company in a favourable position as it seeks to grow its lending business during the second half of 2026.
Capital Markets Remain Critical
Letshego Ghana’s growth strategy has also benefited from its longstanding participation in Ghana’s capital markets.
For more than a decade, the company has maintained an active presence in the bond market, using capital raised through debt instruments to support lending, financial inclusion and business expansion.
With a managed maturity profile and available capacity under its bond programme, Letshego Ghana said it remains well-positioned to fund future growth while retaining flexibility in its funding strategy.
This access to multiple funding sources could prove increasingly important as the company seeks to scale its lending operations without compromising balance sheet strength.
Financial Inclusion Takes Centre Stage
Beyond its headline financial results, Letshego Ghana is also expanding its financial inclusion initiatives.
The company continues to provide credit access to individuals, women entrepreneurs, micro-enterprises and small businesses.
It has also piloted group-lending initiatives focused on women while supporting sustainable development through financing for clean energy and green mobility projects.
These initiatives form part of the company’s broader Environmental, Social and Governance priorities and reinforce its stated objective of improving lives through inclusive finance, economic empowerment and sustainable development.
Bigger Plans for Second Half
Letshego Ghana is not slowing down.
For the remainder of 2026, management plans to accelerate digital lending while launching its QwikSave retail savings product.
The company also intends to expand impact-led lending, strengthen collections and improve portfolio quality.
Another major priority is preparations for a potential transition to a microfinance bank, subject to Bank of Ghana sector reforms and the necessary regulatory approvals.
The company plans to continue investing in technology and operational capabilities as it seeks to improve customer experience and support sustainable long-term growth.
CEO Signals Confidence
Chief Executive Officer of Letshego Ghana, Nii Amankra Tetteh, expressed confidence in the company’s outlook, emphasising the importance of responsible and profitable expansion.
“We remain confident in our outlook and focused on delivering profitable and responsible growth,” he said.
He added that the company’s priority is to create long-term value for customers, employees, shareholders and communities while continuing to expand access to financial services across Ghana.
With profit surging to GHS 67 million, lending income climbing 35%, mobile disbursements reaching GHS 5 billion and capital adequacy remaining well above regulatory requirements, Letshego Ghana enters the second half of 2026 with significant momentum.
The challenge now will be converting that momentum into sustained growth while protecting asset quality and maintaining disciplined financial management.
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