Ghana Publishing Company Posts GH₵16.96m in 2025

Ghana Publishing Company Limited has recorded its strongest financial performance in recent years after posting a significant increase in revenue and a sharp reduction in expenditure during the 2025 financial year.

The State-owned printing company posted a profit after tax of GH₵16.96 million for the year ended December 2025, representing a substantial rise from the GH₵2.23 million recorded in 2024.

The strong financial turnaround was driven largely by nearly 20% growth in revenue coupled with strict expenditure controls that reduced operational spending by about 8% within the same period.

Total revenue increased from GH₵60.78 million in 2024 to GH₵72.85 million in 2025, reflecting strong growth across the company’s core business operations.

The revenue growth was supported by stringent cost-containment measures introduced by management to improve operational efficiency and profitability.

The measures, implemented under the leadership of the Managing Director, Nana Kwasi Boatey, contributed to a significant decline in total expenditure from approximately GH₵57 million in 2024 to about GH₵53 million in 2025, despite increased business activities during the same period.

Administrative expenses also declined by more than 35%, dropping from GH₵11.09 million to GH₵7.16 million.

However, the company’s largest source of revenue continued to come from the printing and publication of gazettes. In May 2025, the company introduced a revamped and highly secure gazette with distinct security features aimed at curbing the circulation of fake gazette documents.

The initiative also introduced a new express processing option within 24 hours to improve the gazette processing system. As a result, revenue generated from gazette services increased to GH₵50.64 million in 2025 from GH₵34.25 million in 2024, representing an increase of nearly 48%.

Revenue from publication and inventory sales also recorded substantial growth, rising from GH₵1.51 million in 2024 to GH₵5.76 million in 2025, representing an increase of about 281.5%.

Several operational expenditure lines recorded notable reductions during the review period. Hotel expenses declined by about 75.3%, while subscription costs dropped sharply by approximately 70.67%.

Business relations expenses recorded the highest percentage decline of about 76.3% between 2024 and 2025, while medical expenses also reduced by about 72.3% within the same period.

The company further recorded a significant decline in general expenses by about 85.7%, while repairs to buildings reduced by 73% between 2024 and 2025.

Total assets increased significantly by 27% from GH₵107 million in 2024 to GH₵135 million in 2025.

The combined impact of stronger revenue growth and reduced expenditure pushed the company’s gross profit up by nearly 50%, rising from GH₵23.38 million in 2024 to GH₵35.01 million in 2025.

Operating profit also surged from GH₵2.95 million to GH₵19.58 million during the review period.

After accounting for an income tax expense of GH₵4.48 million, Ghana Publishing Company Limited ended the year with its highest net profit in recent years, reinforcing what industry observers have described as a major financial recovery for the State-owned enterprise.

The company’s 2025 financial performance is expected to strengthen confidence in its long-term sustainability and operational efficiency as management continues efforts to expand revenue streams while maintaining prudent expenditure controls.