By Leo Nelson
The Ghana Publishing Company Limited has recorded a significant financial turnaround, posting a profit after tax of GHS16.959 million in 2025 compared to GHS2.227 million in 2024.
The development was confirmed by Hon. Felix Kwakye Ofosu after reviewing the company’s audited financial statements.
“I just finished reviewing the audited Financial Statements of the Ghana Publishing Company Limited,” he stated.
“Among other impressive numbers, the company’s profit after tax jumped from GHS2.227 million in 2024 to GHS16.959 million in 2025.”
The latest figures represent one of the strongest financial recoveries recorded by a state-owned enterprise in recent years and come amid broader reforms introduced at the company over the past twelve months.
Company Achieves Rapid Operational Recovery
The Ghana Publishing Company Limited has recently attracted attention for what management describes as a “12 month turnaround” under the leadership of Managing Director Nana Kwasi Boatey.
According to information provided by the company, GPCL moved from a financially fragile position in early 2025 to significant profitability by the beginning of 2026.
One of the major indicators of the turnaround was the growth of the company’s bank balance from approximately GH¢400,000 in early 2025 to more than GH¢15 million held in fixed deposits within ten months.
The company also implemented major operational reforms aimed at improving efficiency and service delivery. Management says the turnaround was supported by stronger financial discipline, increased productivity, and expanded service delivery systems introduced over the period.
Gazette Publication Time Reduced
As part of the reforms, GPCL significantly reduced the time required to publish official government Gazettes. According to company officials, publication timelines were reduced from eight weeks to just three weeks, while a new 24-hour express service was introduced for urgent requests.
The reforms form part of broader modernization efforts aimed at improving efficiency within one of Ghana’s most important public publishing institutions. The Ghana Publishing Company Limited remains the only institution legally mandated to publish the Ghana Gazette, Acts of Parliament, and other official government documents.
The improvements in publication timelines could help improve administrative efficiency across both government and private sector institutions that rely on official gazetting services.
Mahama Praises 24 Hour Operations
President John Dramani Mahama previously commended the Ghana Publishing Company Limited for becoming one of the first state institutions in the country to successfully implement a 24 hour operational system.
During a working visit to the company earlier this year, President Mahama received briefings from management and the board on reforms being undertaken at GPCL.
The President was informed that the company had shifted from traditional working schedules to round the clock operations as part of efforts to increase productivity and revenue generation.
According to Managing Director Nana Kwasi Boatey, the adoption of the 24 hour shift system played a major role in improving output and strengthening the company’s financial performance.
The initiative also aligns with the government’s broader 24 Hour Economy agenda aimed at expanding productivity and creating more economic opportunities.
Management of GPCL also highlighted improvements in staff welfare following the company’s financial recovery. According to the company, employees received a 13th month salary without the institution relying on bank borrowing to meet salary obligations.
The company has also committed to implementing a 40 percent salary increase for staff following the improved financial performance. Officials say the company has now eliminated the need for bank overdrafts previously used to support salary payments and operational expenses.
The developments are expected to improve staff morale and productivity while strengthening confidence in the company’s long term sustainability.
Digital Expansion Accelerates
As part of ongoing modernization efforts, GPCL inaugurated a new Digital Press Centre in January 2026 aimed at improving printing quality and expanding operational capacity.
The company also launched a new E Gazette digital application platform to allow customers access services electronically without the need to visit physical offices. According to management, the digital platform is expected to improve accessibility, reduce processing delays, and support nationwide service delivery.
In addition to its headquarters in Accra, the company recently established a new branch office in Kumasi to improve services for customers outside the capital. The expansion forms part of efforts to decentralize access to official publishing services while improving efficiency nationwide.
The strong financial performance by the Ghana Publishing Company Limited is likely to attract attention within policy and business circles as government continues efforts to improve the efficiency of state owned enterprises.
Analysts have often identified operational inefficiencies and weak financial management as major challenges affecting many public institutions. The turnaround at GPCL is therefore being viewed as an example of how operational reforms, digital modernization, and productivity improvements can strengthen state institutions.
Government officials have also increasingly emphasized the need for public enterprises to become financially sustainable while improving service delivery.
With profitability rising sharply and operational systems expanding, the Ghana Publishing Company Limited is expected to remain under close public attention as it continues implementing reforms under its current leadership.