GPCL tackles liquidity crisis; pays 13th-month salary and increases basic salaries by 40%

The Ghana Publishing Company Limited (GPCL) has successfully navigated a major liquidity crisis, allowing the company to pay a 13th-month salary and raise workers' basic wages by 40% in 2025. Managing Director Nana Kwasi Boatey revealed that the firm faced severe financial difficulties when the current management took over in February 2025, with insufficient funds to sustain operations and a history of relying on bank overdrafts to cover employee salaries.

Management responded by implementing a range of financial and operational reforms, such as a 24-hour production system, expenditure controls, improved revenue collection, and measures to eliminate financial leakages. These measures significantly improved the company's liquidity and its capacity to fulfill financial obligations without needing further borrowing.

At a Government Accountability Series event held at Jubilee House on November 2, Mr. Boatey reported that these improvements had also allowed management to clear outstanding legacy debts and expand production capacity. He stated that as of December 2025, the company had emerged from its liquidity crisis following the implementation of these reforms.

Boatey emphasized the company's commitment to maintaining these financial gains while simultaneously enhancing staff welfare and operational efficiency.