Audio By Carbonatix
Letshego Ghana Savings and Loans PLC, a subsidiary of the regional inclusive finance group, Letshego Africa (“Letshego Group”) is embarking on a forward-thinking journey with the launch of its GH₵500 million domestic medium-term note program.
This landmark initiative marks a significant milestone in Letshego's history, underscoring its robust commitment to economic development and financial inclusivity.
The financial program is meticulously designed to offer a diverse spectrum of notes, each tailored to meet the dynamic investment landscape while strictly adhering to Ghana’s regulatory standards. It is a strategic embodiment of Letshego’s forward-thinking character, reinforcing its role as a pivotal force in shaping Ghana's economic future.
In a strategic move to deepen market activities, Letshego is poised to issue the first tranche of GHS 100 million, as disclosed by the company's Chief Executive Officer, Nii Amankra Tetteh. This initial step is part of a broader strategy to strengthen the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange (GSE), following the successful expansion of the program from GHS 300 million to GHS 500 million.
“The funds raised from this bond issuance are earmarked to significantly bolster Letshego’s lending offerings, thereby providing vital financial support to individuals and enterprises across the nation. The anticipated enhancement of credit availability at competitive rates is set to empower businesses and contribute to broader economic growth,” Mr. Tetteh noted.
For further information, prospective investors are encouraged to consult their financial advisors for detailed narrative in the Prospectus, which will explain the full scope and potential of this program. The Prospectus is poised to be a proof to Letshego’s unwavering dedication to financial excellence and its commitment to promoting a thriving economic environment.
Letshego Ghana Savings and Loans PLC invites investors to join in this promising venture, which is not merely an investment opportunity but a partnership in driving socio-economic advancement and reinforcing financial stability in Ghana.
Latest Stories
-
Macron reparations invite is PR vehicle for France to wash off blood of slavery, looting
31 minutes -
What is cryptocurrency and why should every Ghanaian care?
42 minutes -
BoG, Microfinance players form joint committee to review sweeping sector reforms
51 minutes -
Agri-Impact CEO meets Israeli Ambassador to strengthen agricultural innovation partnership
52 minutes -
Ghana, Côte d’Ivoire move to align cocoa prices in bid to boost farmer incomes
1 hour -
Court remands alleged car robber
1 hour -
Police receive DNA report in murdered Immigration officer’s case, await full autopsy report
1 hour -
Labadi Beach Hotel pays SSNIT GH¢17.8m dividend, bigger payout expected this year – Afreh Biney
2 hours -
We will not sell them – SSNIT boss ends speculation over Labadi Beach Hotel and La Palm
2 hours -
World Bank approves $300m support package to help Ghana end double-track system by 2027
2 hours -
Messi equals World Cup goals record with hat-trick in Argentina win
2 hours -
Retirement age reform requires national consensus, not a SSNIT decision – Afreh Biney
3 hours -
Extending retirement age could delay opportunities for youth by up to 7 years – SSNIT boss
3 hours -
Jamaica in talks to accept third-country migrants deported from US
3 hours -
G7 leaders call for strong, coordinated response to Ebola outbreak
3 hours