Ghana Publishing Company MD responds to critics on its recent profit and VAT debt announcement
He had disclosed that the state printer owes GH¢22 million in unpaid VAT and wants to settle it in instalments.
Nana Kwasi Boatey, the Managing Director of the Ghana Publishing Company Limited (GPCL), addressed critics' concerns about the company's recent profit and VAT debt announcement. At the Government Accountability Series at the Presidency in Accra, he highlighted that GPCL achieved a GH¢16.9 million after-tax profit in 2025, a significant increase from GH¢2.2 million in 2024.
The company's cash reserves stood at GH¢18.77 million in 2025, marking three years of positive financials following years of negative balances. Revenue grew to about GH¢72 million in 2025 from GH¢60 million in 2024, driven by increased gazette publications, extra printing work, and quicker delivery. GPCL's spending decreased by 8% to GH¢53 million in 2025, primarily due to reductions in administrative expenses and investments in infrastructure.
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