The Ghana Publishing Company Limited (GPCL) has reported a historic financial turnaround for the 2025 fiscal year with a GHS16.9 million profit driven by disciplined financial management and aggressive revenue mobilisation.

Nana Kwasi Boatey, the Managing Director of GPCL said the Company recorded a profit after tax of GH¢16.9 million in 2025. This performance, he said represents a staggering increase of more than 600 per cent when compared to the GH¢2.2 million profit recorded in 2024.

Nana Boatey made the disclosure when he took his turn at the Government Accountability Series Press Conference held on Monday at the Presidency in Accra.

He noted that the 2025 results marked a significant departure from the company’s recent financial history.

He said prior to this surge, GPCL’s highest recorded profit in recent years was GH¢2.7 million in 2023, making the 2025 figures the company’s most exceptional performance in recent memory.

He said the impressive bottom line was underpinned by a substantial growth in core revenue, which increased from approximately GH¢60 million in 2024 to GH¢72 million in 2025.

The Managing Director attributed this remarkable improvement to enhanced operational stability and a strengthened financial position.

He said the surge in cash accumulation and liquidity was expected to reduce financial pressures and provide a solid foundation for future expansion and investment in the publishing sector.

Nana Boatey said Management implemented strategic cost-control and expenditure rationalization measures throughout the year through strengthened procurement oversight, tighter financial controls, improved budget monitoring, and the reduction of non-essential administrative expenses.

This, he said led to a dramatic decline in expenditure for the first time since 2020, falling by about eight per cent from GH¢57 million in 2024 to GH¢53 million in 2025.

“Significant savings were achieved in travel, transport, and Board-related expenditure through better planning, increased use of virtual engagements, and prioritisation of essential activities, while maintaining effective governance and operational efficiency,” the Managing Director stated.

“In addition to administrative expenses, it declined from GH¢11 million in 2024 to GH¢7.1 million in 2025. The reduction was largely driven by lower spending on seminars and meetings, travel expenses, board expenses, and staff motivation-related costs.”

Nana Boatey said these measures contributed positively to the company’s improved profitability and stronger financial position.

Touching on Revenue and Operational Performance, the Managing Director said revenue growth in 2025 was supported by increased Gazette circulation and publication activities, expansion of printing services, enhanced operational turnaround time, and stronger institutional engagements.

He said Management also ensured that the company also improved revenue collection systems and strengthened accountability mechanisms to minimize leakages.

He noted that Management implemented operational reforms aimed at increasing productivity and improving service delivery standards.

Nana Boatey said the Company closed the 2025 financial year with a strong financial position, driven by improved revenue mobilisation, efficient receivables collection, and enhanced financial discipline.

This, Nana Boatey said, resulted in stronger cash flows, improved asset value, a healthier balance sheet, stronger working capital, and greater financial sustainability, reflecting a resilient institution with renewed growth potential.

He said in the first ten months of 2026, they had performed at an even higher level and are on course to surpass last year’s financial performance.