GPHA posts GH¢2.82 billion profit in 2025 as revenue and returns improve

The Ghana Ports and Harbours Authority closed 2025 with a net profit of GH¢2.82 billion, strengthening its standing as one of the country’s most profitable state-owned enterprises. The result marked a 17.18% increase from the approximately GH¢2.41 billion recorded in 2024.

GPHA’s total revenue rose from GH¢6.998 billion in 2024 to GH¢7.620 billion in 2025. Operating revenue increased 5.95%, reaching GH¢5.564 billion from GH¢5.252 billion a year earlier. The growth came mainly from higher income generated by cargo services and port facilities, highlighting the role of Ghana’s ports in international trade and the national logistics system.

GPHA’s investment in Meridian Port Services Limited also made a substantial contribution. Its share of profit from the company increased from GH¢1.276 billion in 2024 to GH¢1.531 billion in 2025, equal to about 20.09% of GPHA’s total revenue for the year.

The authority’s net profit margin rose to 50.69%, compared with 45.83% in 2024. Return on assets increased from 16.47% to 19.07%, while return on equity climbed from 45.98% to about 49.55%. GPHA’s total assets stood at GH¢19.544 billion at the end of 2025, and total equity rose 16.01% to GH¢15.162 billion.

The report also said GPHA’s debt-to-asset ratio declined. Its equity multiplier fell from 1.48 times to 1.29 times, indicating greater reliance on equity and lower financial leverage. Across the transport and logistics subsector, aggregate net profit rose 9.16% to GH¢3.211 billion in 2025. GPHA recorded an average annual net profit of about GH¢1.410 billion between 2021 and 2025, the second-highest average among state-owned enterprises that remained profitable throughout the period.