Nana Kwasi Boatey reports GH₵16.9m profit for Ghana Publishing Company

The Managing Director of the Ghana Publishing Company Limited, Nana Kwasi Boatey, has announced a significant surge in the company's financial performance, recording an after-tax profit of GH₵16.9 million for the 2025 fiscal year. Speaking during the Government Accountability Series at the Presidency in Accra on November 2, Boatey highlighted that this figure represents a growth of over 600% compared to the GH₵2.2 million earned in the previous year. This substantial increase underscores a period of rapid growth for the state-owned enterprise.

While celebrating the record earnings, Boatey also addressed the company's outstanding financial liabilities. He revealed that the Ghana Publishing Company currently carries a Value Added Tax (VAT) debt of GH₵22 million. To address this, the Managing Director confirmed that the company has established a plan to settle the arrears in installments. This move is intended to balance the company's tax obligations with its need to maintain operational cash flow following its recent period of high profitability.

The disclosure at the Presidency was part of a broader effort to ensure transparency in the management of state assets under the administration of President John Mahama. Boatey’s report suggests a turnaround in the company’s fortunes, moving from modest earnings to a more robust financial position. The company's ability to navigate its legacy debt while sustaining high growth will be a key indicator of its long-term viability and its contribution to the national treasury.