At the commissioning of the GPCL branch in the Ashanti Regional capital, Kumasi, Mr. Asante shared that despite facing numerous challenges, the once crumpling company has managed to maintain financial stability and achieve significant success.

He attributed this accomplishment to the collective efforts of the company’s management and staff, who have remained committed to their mission even in the face of difficulties.

“When we took over the leadership of GPCL, the company was facing immense challenges. We inherited a company with over five years of unaudited accounts, regional branches that had been run down and sold, and salaries in arrears with huge legacy debts”.

“The company was perpetually making losses, with outstanding statutory payments and dilapidated infrastructure and machines. We were not competitive in the printing industry”.

“Today, through prudent management, we are happy to announce the establishment of new production units equipped with modern and sophisticated machines. All accounts have been audited and are up to date, there are no salary arrears, and profits have been made year on year.”

Mr. Asante revealed that the publishing industry despite grappling with dwindling revenues previously has reached a significant milestone financially.

“Financially, GPCL has demonstrated resilience and success. Apart from the challenging COVID years of 2020 and 2021, we have consistently recorded a profit, reflecting our robust business strategies and commitment to excellence.
We would like to take this moment to acknowledge and appreciate the invaluable support of our stakeholders.”

“To the sector Ministry, the Ministry of Information, we extend our deepest gratitude for your continuous guidance and support.”

Under Mr. Asante’s leadership, GPCL has implemented several strategic initiatives aimed at enhancing operational efficiency and boosting revenue generation.

These measures include embracing digital technology and fostering partnerships with local and international organizations.

“Our achievements are built on the foundation of digitalization, an initiative championed by the Vice President, His Excellency Alhaji Dr. Mahamudu Bawumia.”

“Through his visionary leadership, we have embraced digitalization, transforming our operations and enhancing our service delivery. Today, we are excited to announce the upcoming launch of our online platform, the e-Gazette.”

The result of these efforts is evident in GPCL’s improved financial performance.

The company has reported increased sales and profits over the past year, which Mr. Asante attributes to the successful execution of their strategic plans.

However, Mr. Asante was quick to emphasize that while GPCL’s current achievements are commendable, there is still much work to be done.

He outlined plans for further expanding the company’s reach and influence, particularly in the area of digital publishing.

“the establishment of this Kumasi branch is just the beginning. We have ambitious plans to expand our presence to other regions, specifically the Northern and Western regions, in the near future.”

“This expansion is a testament to our commitment to bringing our services closer to the people of Ghana, ensuring accessibility and convenience for all.”

He also reiterated his commitment to ensuring that GPCL remains a key player in Ghana’s publishing landscape, contributing significantly to the country’s socioeconomic development.

The opening of the Kumasi branch was graced by the Information Minister, Fatima Abubakar who served as special guest of honor.

In her address, she highlighted GPCL’s journey over the decades and its historical significance.

The Minister noted that the inauguration of the new office in Kumasi symbolizes the revival of GPCL and its unwavering commitment to restoring its former glory.

The event marked a pivotal moment in GPCL’s history, underscoring its commitment to decentralising its operations and enhancing accessibility to essential publishing services across the nation.

The grand opening was graced by the Minister for Information, Fatimatu Abubakar, who served as the Special Guest of Honour.

In her address, she highlighted GPCL’s journey over the decades and its historical significance.

The Minister noted that the inauguration of the new office in Kumasi symbolises the revival of GPCL and its unwavering commitment to restoring its former glory.

“This occasion signifies a monumental step forward in our collective journey towards reclaiming and advancing the esteemed legacy of GPCL,” she stated.

Reflecting on GPCL’s rich history, Minister Abubakar recounted the establishment of presses in Tema, Tamale, Victoriaborg, and Takoradi, complemented by sales points in all regional capitals.

She emphasized that these facilities ensured that vital information and publications reached every corner of the nation.

Despite past challenges that led to the cessation of many operations, she hailed the Kumasi office’s inauguration as a symbol of the company’s revival.

The Minister highlighted GPCL’s recent success, noting its consistent profitability over the last two years.

She attributed this success to prudent and efficient management under the current administration.

Mrs Abubakar noted that this achievement demonstrates that with the right leadership and governance, state institutions can thrive and contribute significantly to national development.

“GPCL has emerged as one of the most viable state institutions. This remarkable turnaround is a testament to the prudent and efficient management,” she remarked.

The Minister extended her deepest appreciation to the GPCL Board, led by Dr. Daniel Owusu-Ansah, and the management team under David Boateng Asante.

She also lauded the GPCL staff for their hard work and dedication, noting that their commitment to excellence and resilience, especially during challenging times, has been pivotal in driving the company forward.

The establishment of the Kumasi branch represents a practical step towards decentralisation and bringing essential services closer to the people.

The new office will serve the Ashanti Region and its adjoining regions, making it easier for individuals and organizations to access a wide array of products and services.

The presence of GPCL in Kumasi is expected to have a positive economic impact, creating jobs and fostering local partnerships.

Moreover, it will empower the local population by providing them with timely access to crucial information and publications, thereby enhancing transparency and informed decision-making.

Addressing board members during a visit to the Manhyia palace, Otumfuo underscored the vital role of local publishing industries in preserving cultural heritage and driving economic prosperity.

The Ghana Publishing Company Limited boasts a rich history steeped in tradition and innovation dating back several decades. But the company previously encountered financial constraints amidst competition from both domestic and foreign entities operating in Ghana’s vibrant publishing industry.

Currently, massive improvement has been made to restore confidence in the company.

During a visit to the Manhyia Palace by the company’s board, the Asantehene urged policymakers to consider implementing supportive mechanisms designed to enhance the operational efficiency and long-term sustainability of the publishing company.

“Left the company to collapse. We have revived it, and I am hopeful you are making progress since you are a limited liability company”.

“This is an important company because it gazettes everything. If the government supports them with deliberate policies with some percentage of government resources, I believe it will help develop the company”.

The Asantehene encouraged the company to make progress in exercising its duties.

“They gazette laws made in Parliament and the National House of Chiefs. It is our responsibility to see the company develop”

“Management should do well to project the company as expected. You are already doing well by making the company vibrant. You should continue to uplift the industry” he added.

Meanwhile, the Ghana Publishing Company has opened an office in the Ashanti Region to enhance its operations.

According to the Managing Director, David Asante “Otumfuo is excited about our coming to Kumasi. The thing is that, state institutions that are not doing well cannot expand it shows the good work of the board of directors”.

” From here we hope to extend a couple of regional branches. We also intend to introduce to electronic Gazette to digitalize all the services of the GPLC,” he said.