Ghana Publishing Company records 661% growth in profit after tax in 2025
The Ghana Publishing Company Limited recorded a 661.36 per cent increase in profit after tax in 2025, moving from GH¢2.23 million in 2024 to GH¢16.96 million, following a series of operational and financial reforms introduced by its management.
The improvement forms part of a broader turnaround at the state-owned publishing company, which has also recorded growth in revenue, gross profit and operating profit while investing in new equipment and expanding its services.
The Managing Director of the Company, Nana Kwasi Boaitey disclosed these figures at the Government Accountability Series, where he outlined the measures taken since assuming office on February 16, 2025, to address the company’s financial difficulties and improve its performance.
He said, “When I came, the company was in a liquidity crisis. We were not subsidised by government, and we had a staff strength of over 250, although our estimated requirement was about 150. But I took a decision not to lay off the workers because the government had promised jobs for the people.”
According to him, revenue increased from GH¢60.78 million in 2024 to GH¢72.85 million in 2025, representing a growth of 19.87 per cent, while gross profit rose from GH¢23.38 million to GH¢35.01 million, an increase of 49.76 percent.
Operating profit also increased from GH¢2.95 million to GH¢19.58 million, representing a growth of 564.66 percent.
The Managing Director attributed the performance to reforms in the company’s operations, including the introduction of a 24-hour working system, the creation of new departments and improved financial controls.
He explained that management had established quality control, legal, commercial sales and corporate affairs departments to strengthen the company’s internal systems and improve its ability to generate revenue.
On financial controls, he said the company had introduced a system under which all revenue was paid directly into its bank account, while expenditure was processed through the banking system.
The Managing Director also disclosed that the company had invested in a digital printing press, completed in January 2026 and inaugurated by President John Dramani Mahama, as part of efforts to modernise its production capacity.
He said management was working to build on the 2025 performance and expected the company to surpass its previous financial results by the end of 2026.
The company is also pursuing digital publishing initiatives, including an e-Gazette platform and an e-Bookshop, while preparing to receive security-printing equipment valued at €1.5 million.
The Managing Director said these investments, together with the operational reforms, were intended to expand the company’s services and strengthen its financial sustainability.
Richard Aniagyei, ISD
