Letshego Ghana delivers strong H1 2026 results

Letshego Ghana Savings and Loans PLC has announced a robust financial performance for the first half of 2026, driven by significant growth in lending, improved margins, and disciplined cost management. The company's 'Facts Behind the Figures' engagement with the Ghana Stock Exchange revealed a substantial increase in profit before tax, which rose to GH¢ 67 million from GH¢ 24 million in the same period last year.

The company's return on equity saw a notable improvement, climbing to 33 percent from 23 percent. Lending income experienced a 35 percent surge, reaching GH¢ 308 million, primarily supported by higher disbursement volumes. Enhanced margins were also attributed to lower funding costs. Daisy O. Adjei Boadi, Chief Finance Officer of Letshego Ghana, stated that these results reflect the strength of their strategy, the resilience of their business model, and their commitment to sustainable growth.

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Our half year 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.

Mobile lending continues to be a primary growth engine for Letshego Ghana, with GH¢ 5.0 billion disbursed in the first half of the year. The gross loan book closed at GH¢ 1.2 billion. The company's balance sheet remains well-capitalized, with total assets increasing to GH¢ 1.9 billion and customer deposits rising to GH¢ 834 million, indicating sustained customer confidence. The capital adequacy ratio stands at 20.2 percent, comfortably above regulatory requirements.

Looking ahead, Letshego Ghana aims to accelerate digital lending, introduce its QwikSave retail savings product, grow impact-led lending, and strengthen portfolio quality. The company is also advancing preparations for a potential transition to a microfinance bank. Nii Amankra Tetteh, CEO of Letshego Ghana, expressed confidence in the company's outlook and its focus on delivering profitable and impactful financial services.

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We remain confident in our outlook and focused on delivering profitable and