The Catholic Church has given a major boast to Ghana’s energy transition drive with a GH¢200 million credit facity from Letshego Ghana Savings and Loans PLC in partnership with Lumen Energy.
The facility will finance a transformative solar energy project aimed at powering over 4,000 Catholic institutions across the country.
The official signing of the agreement held at the National Catholic Secretariat in Accra, brought together leadership from the Ghana Catholic Bishops’ Conference, Lumen Energy, Letshego Ghana,and Development Bank Ghana (DBG).
Industry players hailed the move as one of the largest private sector-led clean energy collaborations with a religious body in the country.
Chairman of the Board of Lumen Energy and representative of the Ghana Catholic Bishops’ Conference, Most Rev. Bishop Edoe Kumordzi noted, “Today, we mark a defining moment in our shared mission to promote renewable energy and safeguard our planet for future generations. Through this partnership with Letshego, we are not only reducing our carbon footprint but also creating sustainable jobs and protecting creation as stewards of God’s earth.”
The project will deploy solar installations across schools, hospitals, parishes, and administrative centers in the Catholic dioceses nationwide while also offering training and employment opportunities for young people.
The CEO of Letshego Ghana Savings and Loans, Nii Amankra Tetteh, emphasized the deep alignment between the initiative and the company’s purpose. “At Letshego, everything we do is anchored on our purpose: improving lives. We are not just financing solar systems, we are investing in a greener, more inclusive future. We are proud to stand with the Catholic Church on this bold journey and are committed to supporting every step forward.”
Head of SDI Lending (Wholesale Investment) of Development Bank Ghana, Ms. Anita Solomon, highlighted the bank’s strategic backing of the project.
“This GH¢200 million solar project, of which GH¢85 million has already been disbursed, is a shining example of what strategic partnerships can achieve.
DBG was established to finance Ghana’s transformation, and green financing is one of our core pillars. Through our partnership with Letshego, we are proud to support the Catholic Church in delivering clean, reliable power to its institutions while reducing emissions and building resilience.”
DBG has already invested over GH¢112 million in climate-resilient initiatives across Ghana, and this partnership with Letshego and Lumen Energy is expected to serve as a blueprint for scaling solar adoption across other institutions.
The Catholic solar project aligns with Ghana’s commitments under the Paris Agreement through its Nationally Determined Contributions (NDCs) in advancing key targets of the United Nations Sustainable Development Goals (SDGs).
Letshego Ghana Savings and Loans PLC is a licensed financial services provider, providing loans to individuals across the public and private sectors, as well as supporting Micro and Small Entrepreneurs.
The company is a wholly owned subsidiary of Letshego Group and operates as a non-bank financial institution with 10 physical outlets and a staff complement of over 100 employees.
