Ghana Publishing Firm Restricted ended FY25 with a optimistic money place of GH18.77 million, ending its third consecutive yr of money deficit and recording essentially the most vital monetary restoration in current reminiscence.
The state-run printing and publishing firm recorded a turnaround after posting unfavorable money balances of GH₵108,079 in 2024, GH₵272,672 in 2023 and GH₵250,924 in 2022. The corporate’s audited money stream assertion confirms a year-end place of GH₵18.77 million, representing a year-on-year change of over 17,000 %. Final yr’s deficit.
Web money inflows from working actions drove the restoration, leaping roughly 764% from GH₵3.24 million in 2024 to GH₵27.99 million. General, the corporate recorded a internet money enhance of GH₵18.88 million for the yr, in comparison with GH₵163,989₵3,989 a yr in the past.
The gazette program was the primary driver of enchancment. Income from printing and publishing of the Official Gazette elevated by almost 48% from GH 34.25 million in 2024 to GH 50.64 million in 2025, making it the one largest income for the corporate. This development adopted the introduction of a revamped and safer Gazette in Might 2025, in addition to the introduction of a brand new 24-hour specific processing possibility that considerably reduces turnaround instances from eight weeks to 3 weeks.
Revenues from publishing and stock gross sales additionally expanded considerably, rising from GH 1.51 million in 2024 to GH 5.76 million in 2025. Companywide income elevated by almost 20% from GH60.78 million to GH72.85 million.
Value self-discipline proved to be equally decisive. Regardless of the rise in enterprise exercise, administrative bills decreased by greater than 35% from GH₵11.09 million to GH₵7.16 million, and whole expenditure decreased from GH₵57 million to GH₵53 million. Important reductions have been recorded in a number of expenditure gadgets, with resort prices decreased by greater than 75 % and transaction-related prices decreased by greater than 76 %.
The mixed impact elevated the revenue after tax by roughly 661% to GH16.96 million from GH2.23 million in 2024. Complete property elevated by 27% to GH135 million. Regardless of investment-related money outflows of GH₵9.12 million associated to new gear and stuck property, the corporate maintained robust liquidity all year long.
Managing Director Nana Kwasi Borty credited the federal government’s adoption of the 24-hour financial coverage, which launched a two-shift manufacturing system, saving about 100 jobs that might in any other case have been reduce. President John Dramani Mahama, who toured the corporate’s premises in January 2026, famous that the group was now not “a doom and gloom story” and praised the administration crew for delivering outcomes with out requesting authorities bailout.
Analysts say the good points are encouraging however not unconditional, noting that sustaining this trajectory would require continued income diversification, together with continued working expense self-discipline, together with the corporate’s mandate to provide hundreds of thousands of free textbooks for primary colleges beneath the 2026 price range.
