Accra, Ghana — September 2, 2026 — The Ghana Ports and Harbours Authority (GPHA) recorded a net profit of GH¢2.82 billion in 2025, representing a 17.18% increase from approximately GH¢2.41 billion recorded in 2024.
The Authority’s total revenue also increased from GH¢6.998 billion in 2024 to GH¢7.620 billion in 2025, according to the 2025 State Ownership Report published by the State Interests and Governance Authority (SIGA). SIGA published the report on August 28, 2026.
The figures reinforce GPHA’s position as one of Ghana’s consistently profitable state-owned enterprises and a major contributor to the country’s transport and logistics sector.
Operating revenue records growth
According to the report, GPHA’s operating revenue increased by 5.95%, rising from GH¢5.252 billion in 2024 to GH¢5.564 billion in 2025.
The growth was largely supported by increased income from cargo services and facilities, reflecting the continued importance of Ghana’s ports to international trade and the national logistics chain.
GPHA’s interest in Meridian Port Services Limited (MPS) also contributed substantially to its performance.
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% of GPHA’s total revenue for the year.
Profitability and returns improve
GPHA’s net profit margin rose from 45.83% in 2024 to 50.69% in 2025.
The Authority’s profit trajectory has also strengthened significantly over the five-year period. Net profit increased from:
- GH¢485.70 million in 2021
- GH¢655 million in 2022
- GH¢690.10 million in 2023
- GH¢2.401 billion in 2024
- GH¢2.821 billion in 2025
The transport and logistics subsector as a whole remained profitable throughout the five-year period, with aggregate net profit increasing by 9.16% to GH¢3.211 billion in 2025.
GPHA recorded an average annual net profit of approximately GH¢1.410 billion during the period, the second-highest average among state-owned enterprises that remained profitable throughout the five years.
Returns also improved. Return on assets increased from 16.47% to 19.07%, while return on equity rose from 45.98% to approximately 49.55%.
Stronger balance sheet and cash position
GPHA’s total assets stood at approximately GH¢19.544 billion at the end of 2025.
Total equity increased by 16.01%, from GH¢13.069 billion in 2024 to GH¢15.162 billion in 2025.
The Authority’s equity multiplier declined from 1.48 times to 1.29 times, indicating reduced financial leverage during the year.
Its short-term debt coverage also improved from 1.63 times in 2024 to 2.15 times in 2025.
Operating activities generated approximately GH¢3.189 billion in net cash flow, while cash and cash equivalents increased to approximately GH¢1.648 billion.
Investments continue across ports
The financial performance was accompanied by investments aimed at improving Ghana’s port infrastructure and operational efficiency.
At the Port of Tema, GPHA commenced dredging works to deepen the main harbour basin to a chart datum of minus 14 metres.
The Authority also deployed cargo and container haulage trucks to improve movement across terminals and completed a phase of breakwater restoration designed to reduce direct wave action within the harbour basin.
GPHA further commenced 24-hour operations across all operational areas, potentially improving cargo processing and reducing delays.
Environmental measures included the installation of real-time air-quality monitoring systems financed through internally generated funds and climate-resilient reinforcement of port breakwater infrastructure.
GPHA remains a major state employer
Established in 1986, GPHA is responsible for planning, developing, managing, maintaining and controlling Ghana’s seaports.
Its mandate covers vessel handling, stevedoring, cargo transfer and storage, container and general-cargo services, security, safety and port conservancy.
The 2025 State Ownership Report puts GPHA’s workforce at approximately 8,020 employees, making it the second-largest employer among the individual state-owned enterprises covered by the report.
Stronger position in Ghana’s logistics economy
GPHA’s 2025 results point to a combination of stronger profitability, improved returns, increased equity and substantial operating cash generation.
The performance also comes alongside continued investment in port infrastructure, environmental monitoring and round-the-clock operations.
As Ghana seeks to strengthen its position as a regional trade and logistics hub, the financial and operational performance of GPHA remains significant to the country’s wider transport and logistics ambitions.
Source: 2025 State Ownership Report, State Interests and Governance Authority (SIGA).
