Ghana Publishing Company Limited (GPCL), the state printer, made a profit after tax of GHS16.9 million in 2025, up from GHS2.2 million in 2024, Managing Director Nana Kwasi Boatey said.
He also disclosed that the company owes GHS22 million in unpaid VAT, more than its entire 2025 profit. He was speaking at the Government Accountability Series in Accra on 2 November.
Revenue rose to about GHS72 million from about GHS60 million, helped by more gazette publications, extra printing work and faster delivery. Spending fell to about GHS53 million from GHS57 million, the first fall since 2020.
Administrative expenses dropped to GHS7.1 million from GHS11 million, mainly through cuts to seminars, travel, board costs and staff motivation spending. The company's previous best result in recent years was GHS2.7 million in 2023.
GPCL has moved to three shifts under the government's 24-hour economy policy. Waiting time for a regular gazette has fallen from eight weeks to three, and for a premium gazette from a week to three days.
Management learned of the VAT debt about a month ago, when the Ghana Revenue Authority wrote to the company. Nana Boatey said no VAT was paid in 2020 or 2024, and only part was paid in 2021, 2022 and 2023. The company has asked to settle the arrears in instalments.
The turnaround has become a political argument. Former Chief Executive David Asante has said the recovery took place between 2017 and 2024.