GPHA records GH¢2.82bn net profit as revenue rises to GH¢7.62bn

In 2025, the Ghana Ports and Harbours Authority (GPHA) reported a net profit of GH¢2.82 billion, marking a 17.18% increase from the previous year's GH¢2.41 billion. Total revenue surged from GH¢6.998 billion in 2024 to GH¢7.620 billion in 2025, per the 2025 State Ownership Report by SIGA. The report affirmed GPHA's status as a consistently profitable State-Owned Enterprise and key contributor to Ghana's transport and logistics sector.

Operating revenue grew by 5.95%, from GH¢5.252 billion in 2024 to GH¢5.564 billion in 2025, driven by increased income from cargo services and facilities. GPHA's share of profit from Meridian Port Services Limited also rose to GH¢1.531 billion in 2025, representing approximately 20.09% of total revenue. The Authority's net profit margin reached 50.69% in 2025, up from 45.83% in 2024, positioning it as the dominant contributor to the transport and logistics subsector's profitability.

Over the five-year period from 2021 to 2025, GPHA achieved an aggregate net profit of GH¢3.211 billion, with an average annual net profit of around GH¢1.410 billion, placing it second among profitable State-Owned Enterprises. Financial metrics strengthened, with return on assets increasing from 16.47% in 2024 to 19.07% in 2025, and return on equity rising to approximately 49.55%.

GPHA's total assets amounted to GH¢19.544 billion, while total equity climbed by 16.01% from GH¢13.069 billion in 2024 to GH¢15.162 billion. The Authority maintained a solid debt-servicing position, with short-term debt coverage improving from 1.63 times in 2024 to 2.15 times in 2025. Cash flow from operating activities amounted to GH¢3.189 billion, and the operating cash-flow-to-revenue ratio stood at 0.57.

These results underscore GPHA's role in supporting port modernization initiatives and its commitment to round-the-clock service delivery, solidifying its position as a leading trade and logistics hub in West Africa.