Letshego Ghana Reports GHS 71m Profit, Assets Up GHS 134m Year-on-Year
Letshego Ghana Savings and Loans recorded a strong balance sheet expansion in the third quarter of 2025, with total assets rising by GHS 134 million year-on-year to GHS 1.75 billion.
A review of the company’s Q3 2025 financial results by NorvanReports shows that Letshego’s asset base increased from GHS 1.61 billion in Q3 2024, driven primarily by growth in cash and bank balances as well as loans and advances to customers.
As of the end of September 2025, cash and bank balances stood at GHS 263 million, while loans and advances amounted to GHS 1.43 billion.
Investment Securities and Liabilities
The value of Letshego’s investment securities, however, declined to GHS 195 million from GHS 253 million recorded in the same period last year.
Total liabilities increased to GHS 1.38 billion, up from GHS 1.28 billion in Q3 2024, reflecting higher customer deposits. Deposits from customers grew significantly to GHS 669 million in Q3 2025 from GHS 359 million a year earlier.
The difference between total assets and liabilities leaves Letshego with shareholders’ equity of approximately GHS 370 million.
Profitability and Capital Position
Letshego posted a profit of GHS 71 million for the nine months ending September 2025, representing a 14.5 percent increase compared to the GHS 62 million profit reported for the same period in 2024.
The institution’s Capital Adequacy Ratio (CAR) — a key indicator of solvency — stood at 20.4 percent at end-Q3 2025, slightly down from 23 percent a year ago. Despite the marginal decline, the ratio remains comfortably above the regulatory minimum, signaling continued financial resilience.
Loan Quality
The non-performing loan (NPL) ratio, which measures the quality of the bank’s loan book, deteriorated marginally from 13 percent in Q3 2024 to 14.1 percent in Q3 2025. The uptick suggests a modest increase in credit risk exposure amid a cautious lending environment.
