The Managing Director of the Ghana Publishing Company, Nana Kwasi Boatey, says the state-owned firm has recorded significant financial improvement over the past 10 months, placing it in what he describes as a “very sound” position.
Speaking on Pulse on JoyNews, Mr Boatey revealed that the company is now liquid enough to make investments of up to GH₵15 million or more, following a series of internal reforms aimed at boosting productivity and revenue.
“As I indicated to the President, currently the company can say that we’re liquid enough to have an investment of something in the region of 15 million or even more,” he said.
Although he clarified that the amount is not sitting idle in a single bank account, Mr Boatey explained that the company’s overall financial strength has improved substantially.
“These are not figures you usually throw about, because then all your other transactions are viewed in that light,” he noted, adding that such disclosures are usually reserved for high-level briefings. “But the point is that the company is in very sound financial health right now.”
According to him, the turnaround is the result of deliberate and sometimes difficult decisions taken by management.
One of the major changes, he said, was the introduction of a 24-hour shift system to address productivity challenges linked to overstaffing.
“When we realised that overstaffing was one of the problems the company had, and one of the reasons we were in bad financial health, we started a 24-hour service,” he explained. “That meant productivity improved, and we were able to increase revenue.”
The Ghana Publishing Company, which is responsible for printing government gazettes, textbooks, and other official publications, has in recent years faced financial and operational challenges.
Mr Boatey said the current performance demonstrates what can be achieved when public institutions are restructured with a focus on efficiency and accountability.
He expressed optimism that the company’s new financial standing will enable it to expand operations, invest in modern equipment, and better serve the public.
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