Nana Kwasi Boatey
Ghana Publishing Company Limited posted a profit after tax of GH¢16.9 million for the year ended December 2025, an increase from GH¢2.2 million recorded in 2024.
In its financial statements for the 2025 financial year, the figures show the turnaround was driven largely by nearly 20% growth in revenue and strict expenditure controls that reduced operational expenditure by about 8% within the same period.
The total revenue rose from GH¢60.78 million in 2024 to GH¢72.85 million in 2025, reflecting a strong growth across the company’s core business line as administrative expenses dropped by more than 35%, falling from GH¢11.09 million to GH¢7.16 million.
The report also indicated that the company’s strong revenue growth was matched by stringent cost measures implemented, which was aimed at improving operational efficiency and profitability, resulting in a significant decline in total expenditure from approximately GH¢57 million in 2024 to about GH¢53 million in 2025 despite increased business activities and profitability during the same business year.
According to the Managing Director of Ghana Publishing Company, Nana Kwasi Boatey, the state-owned printing firm’s single largest source of revenue was attributed to the printing and publication of gazettes.
He said the company in May 2025 introduced a revamped and highly secure gazette with distinct security features to curb the proliferation of fake gazette documents, which saw the introduction of a new express option processed within 24 hours to enhance the gazette processing systems.
This, he explained, led to the generation of GH¢50.64 million in 2025 compared with the GH¢34.25 million in the previous year, representing a substantial increase of almost 48%.
“Revenue from publication and inventory sales also recorded significant expansion, rising from GH¢1.51 million in 2024 to GH¢5.76 million in 2025. An increase of about 281.5% from 2024 to 2025.
“Several operational spending lines recorded substantial reductions, with hotel expenses from 2024 reduced by about 75.3% in 2025 while subscription costs reduced sharply by about 70.67%. Business relations expenses witnessed the largest percentage decline by about 76.3% between 2024 and 2025 while medical expenses also reduced by about 72.3% in the same period,” he added.
The company also posted a significant percentage drop in general expenses by about 85.7%, as repairs to building also declined by 73.0% between 2024 and 2025 respectively, while total assets witnessed a huge increase by 27% from GH¢107 million in 2024 to GH¢135 million between 2024 and 2025 respectively.
The combined effect of stronger revenues and lower expenditure pushed the company’s gross profit up by nearly 50% from GH¢23.38 million in 2024 to GH¢35.01 million in 2025.
The company further mentioned that despite accounting for an income tax expense of GH¢4.48 million, it closed the year with its highest net profit in recent years as the financial performance is expected to strengthen confidence in its long-term sustainability and operational efficiency, as management continues efforts to expand revenue streams and maintain prudent expenditure controls for the state-owned enterprise.
By Ebenezer K. Amponsah