The Ghana Ports and Harbours Authority (GPHA) recorded a net profit of GHS 2.82 billion in 2025. This represents a significant 17.18 percent increase over the GHS 2.41 billion recorded in 2024. The Authority’s total revenue also climbed to GHS 7.62 billion in 2025, up from GHS 6.998 billion in 2024.
This robust financial performance was detailed in the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA). The report highlighted that operating revenue increased by 5.95 percent, rising from GHS 5.252 billion in 2024 to GHS 5.564 billion in 2025. This growth was primarily driven by increased income from cargo services and facilities, underscoring the critical role Ghana’s ports play in international trade and the national logistics network. GPHA's share of profit from Meridian Port Services Limited also contributed GHS 1.531 billion to its performance, representing 20.09 percent of total revenue.
GPHA’s consistent profitability reinforces its position as a key State-Owned Enterprise (SOE) and a major contributor to Ghana’s transport and logistics subsector. The subsector itself remained profitable from 2021 to 2025, with its aggregate net profit increasing by 9.16 percent to GHS 3.211 billion in 2025. GPHA’s average annual net profit over this five-year period was approximately GHS 1.410 billion, ranking it as the second-highest among consistently profitable SOEs. This sustained financial strength is crucial for Ghana's economic stability and its ambition to become a regional trade hub.
The 2025 State Ownership Report from SIGA confirmed GPHA’s net profit margin at 50.69 percent, an improvement from 45.83 percent in the previous year. This indicates enhanced operational efficiency and cost management within the Authority. Returns on capital also strengthened, with return on assets increasing from 16.47 percent in 2024 to 19.07 percent in 2025. Return on equity similarly rose from 45.98 percent to approximately 49.55 percent, reflecting better utilization of shareholder funds.
These strong financial results signal continued confidence in GPHA’s ability to generate significant revenue and contribute to public finances. Decision-makers will likely view this performance as a positive indicator for further investment in port infrastructure and related logistics. The Authority’s capacity to support its operations and investments through internally generated resources will be closely watched by investors and policymakers alike. This financial health also positions GPHA to continue its modernization efforts and expand its services, which are vital for Ghana's trade competitiveness.
GPHA’s total assets reached GHS 19.544 billion by the end of 2025, with total equity increasing by 16.01 percent to GHS 15.162 billion. The Authority’s debt-to-asset ratio declined, and its equity multiplier reduced from 1.48 times in 2024 to 1.29 times in 2025. This reflects a greater reliance on equity and reduced financial leverage, indicating a more stable financial base. GPHA also maintained a strong debt-servicing position, with short-term debt coverage increasing to 2.15 times in 2025.
Net cash flow from operating activities stood at approximately GHS 3.189 billion, and cash and cash equivalents increased to GHS 1.648 billion. An operating cash-flow-to-revenue ratio of 0.57 further demonstrates GPHA’s capacity to fund its operations and investments internally. These indicators highlight the Authority's robust financial health and its ability to manage its liquidity effectively. Such strong financial metrics are essential for supporting long-term strategic goals and infrastructure development.
Beyond financial achievements, GPHA continued strategic investments to enhance port capacity and operational efficiency. These initiatives included dredging at the Port of Tema to deepen the main harbour basin to minus 14 metres. The Authority also deployed new cargo and container haulage trucks to improve movement within terminals. A phase of breakwater restoration was completed, aimed at reducing direct wave action within the harbour basin. These investments are critical for maintaining modern, efficient port operations.
GPHA also commenced 24-hour operations across all operational areas, supporting continuous port activity. This move creates potential for improved cargo processing and reduced delays, boosting trade efficiency. Environmental interventions included installing real-time air-quality monitoring systems, financed internally. Climate-resilient reinforcement of port breakwater infrastructure further demonstrates a commitment to sustainability. These operational and environmental improvements solidify GPHA’s role in Ghana’s drive to become a leading trade and logistics hub in West Africa.