Ghana Shippers’ Authority surges 271% in net surplus

The Ghana Shippers’ Authority (GSA) has emerged as one of the standout performers among Ghana’s state-owned entities after recording a remarkable 271.52 per cent increase in net surplus, according to the 2025 State Ownership Report published by the State Interests and Governance Authority (SIGA).

Figures contained in the report show that GSA’s net surplus soared from GH¢69.52 million in 2024 to GH¢258.30 million in 2025, underscoring a dramatic improvement in the Authority’s financial performance amid a broader turnaround across the state-owned enterprise sector.

The report further revealed that GSA nearly doubled its total income year-on-year, generating GH¢380.15 million in 2025.

The Authority also strengthened its financial position, with total assets reaching GH¢979.92 million and its accumulated fund growing to GH¢810.46 million.

According to the report, GSA’s surplus margin rose significantly from 36.25 per cent to 67.95 per cent, highlighting improved operational efficiency and prudent financial management.

Established to protect and promote the interests of shippers in Ghana’s commercial shipping sector, the Authority plays a critical role in facilitating trade and transport logistics while advocating for fair and transparent shipping practices.

The gains in 2025 show the institution becoming more effective in carrying out its mandate and delivering value for the state.

GSA’s impressive performance comes against the backdrop of a broader recovery in Ghana’s state-owned enterprise sector.

SIGA reported that State-Owned Enterprises collectively recorded a consolidated net profit of GH¢19.8 billion in 2025, reversing years of losses and signalling improved governance, efficiency and profitability across several state institutions.

The Authority’s strong showing is expected to reinforce confidence in ongoing reforms aimed at strengthening the performance and accountability of state entities, while positioning Ghana’s shipping and logistics sector as a key contributor to national economic growth.