Omanghana
The Ghana Ports and Harbors Authority recorded a 17.18 percent increase in net profit in 2025, reaching GH¢2.82 billion compared with GH¢2.40 billion in 2024.
The performance reinforces GPHA’s position as one of Ghana’s most profitable State-Owned Enterprises, according to the 2025 State Ownership Report published by the State Interests and Governance Authority.
The report attributed the improvement to strong revenue growth, higher profit margins and significant earnings from the authority’s joint ventures.
GPHA’s total revenue increased by 8.89 percent, rising from GH¢6.998 billion in 2024 to GH¢7.620 billion in 2025. The growth was largely supported by higher income from cargo-handling services and port facilities.
Operating revenue also increased by 5.95 percent to GH¢5.564 billion during the period.
The authority’s net profit margin improved from 45.83 percent in 2024 to 50.69 percent in 2025. Return on assets rose from 16.47 percent to 19.07 percent, while return on equity reached approximately 49.55 percent.
GPHA’s stake in Meridian Port Services remained an important source of revenue. Its share of profit from MPS increased from GH¢1.276 billion in 2024 to GH¢1.531 billion in 2025, representing about 20.09 percent of the authority’s total revenue for the year.
The authority also strengthened its balance sheet, with total assets reaching GH¢19.544 billion. Total equity grew by 16.01 percent to GH¢15.162 billion.
GPHA’s leverage position improved as its equity multiplier declined from 1.48 times to 1.29 times. Short-term debt coverage strengthened from 1.63 times to 2.15 times, while operating cash flow stood at approximately GH¢3.189 billion at the end of the year.
The financial growth coincided with major investments in Ghana’s maritime infrastructure. GPHA commenced dredging work at the Port of Tema to deepen the main harbor basin to minus 14 meters chart datum and completed a critical phase of breakwater restoration.
The authority also acquired modern container and cargo-haulage trucks and introduced 24-hour operations across its primary terminals.
These operational improvements are expected to increase port efficiency, strengthen Ghana’s position as a regional maritime hub and support continued growth in cargo traffic and revenue.
Source: Omanghana
