David Asante, former Chief Executive Officer of the Ghana Publishing Company Limited (GPCL), has insisted that the company was financially sound and profitable prior to the appointment of the current management.
In a Facebook post on Wednesday, January 14, Mr. Asante challenged claims suggesting GPCL was struggling financially at the time of transition. He pointed to the purchase of a luxury Toyota Land Cruiser, costing nearly US$200,000, and a US$20,000 digital printing machine shortly after the new management took office, arguing that these acquisitions were made possible from revenues and investments generated during his tenure from 2017 to 2024.
“The company consistently recorded profits, secured major contracts, and expanded operations over several years. These achievements were the result of long-term planning and strategic investments, not sudden actions by a few months of new management,” he stated.
Mr. Asante also emphasized that audited financial statements clearly reflect GPCL’s improved position and warned against attempts to rewrite the company’s history for political credit.
“GPCL’s turnaround is well documented and cannot be attributed to actions taken within a few months of the current administration,” he added.
