GPCL ready for government printing – MD declares

THE Ghana Publishing Company Limited (GPCL) has said it is ready to undertake the printing of textbooks for schools under government’s new nationwide free textbook programme.

Managing Director of the Company, Nana Kwasi Boaitey, told journalists at the Government Accountability Series at the Presidency in Accra yesterday that the investments made in the company has put it in a strong position to take on government’s 20 per cent printing jobs.

“We stand ready and we are waiting for state organisations to bring us their jobs because we know that we are capable of delivering quality for them when they bring us these jobs,” Mr Boaitey reiterated.

He said the company has established a digital press centre and in the process of procuring a €1.5 million facility to commerce security printing.

The MD also revealed that cabinet has resolved that the GPCL undertook at least 20 per cent of all printings of ministries, departments and agencies.

It follows announcement by President John Dramani Mahama on his ‘Thank You’ visit to the Northern Region in March 2025 that textbooks for schools would be printed locally.

“We are ready to print the books here locally so I entreat all MDAs and private businesses to bring their printing jobs to the Ghana Publishing Company,” Mr Boaitey stressed.

On financial performance, he said the company has improved on its 2024 profit margin and set to do more in 2026.

“The 2025 financial year marked a historic turning point in the company’s operational and financial recovery, with strong revenue growth, improved operational efficiency, strategic partnerships, and disciplined financial management driving one of the strongest financial performance in recent history,” he disclosed.

For example, he mentioned that the company increased its cash position by recording a profit-after-tax of GH¢16.9 million in 2025 compared to the GH¢2.2 million it recorded in 2024.

Core revenues of the company, he noted, shot up to GH¢72 million in 2025 from GH¢60 million in 2024.

“This remarkable improvement strengthened operational stability, reduced financial pressure, enhanced investment capacity, and boosted stakeholder confidence while demonstrating the company’s strong ability to meet its short-term financial obligations,” Mr Boaitey elaborated.

The GPC, he added, implemented a strategic cost-control and expenditure rationalisation measures throughout the year through strengthened procurement oversight, tighter financial controls, improved budget monitoring, and the reduction of non-essential administrative expenses.

According to him, this 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.Read More

BY JULIUS YAO PETETSI

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