Letshego Ghana Savings and Loans PLC has extended a credit facility of up to GH¢ 200 million to the Catholic Church, in partnership with Lumen Energy, to finance a transformative solar energy project that will power more than 4,000 Catholic institutions across Ghana.
Held at the National Catholic Secretariat in Accra, the official signing ceremony brought together leadership from the Ghana Catholic Bishops’ Conference, Lumen Energy, Letshego Ghana, and Development Bank Ghana (DBG).
In his opening address, Most Rev. Bishop Edoe Kumordzi, Chairman of the Board of Lumen Energy and representative of the Ghana Catholic Bishops’ Conference, 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 centres in the Catholic dioceses nationwide while also offering training and employment opportunities for young people.
“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,” he said.
Representing Development Bank Ghana, Ms Anita Solomon, Head of SDI Lending (Wholesale Investment), highlighted DBG’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,” she said.
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 and advances key targets of the United Nations Sustainable Development Goals (SDGs).
BY TIMES REPORTER