The Ghana Shippers’ Authority (GSA) recorded a major improvement in its financial performance in 2025, with its net surplus rising by 271.57 per cent to GH¢258.30 million.
According to the 2025 State Ownership Report, the Authority’s surplus increased from GH¢69.52 million in 2024, while total income nearly doubled from GH¢191.76 million to GH¢380.15 million.
The growth was largely driven by a GH¢196.49 million fair-value gain on investment property. SIGA noted that the gain was a one-off event and did not necessarily reflect stronger underlying operations.
GSA’s total assets also increased by 53.2 per cent to GH¢979.92 million, while its accumulated fund more than doubled to GH¢810.46 million.
The Authority’s debt position improved, with its outstanding loan to BILT-Ghana Ports and Harbours Authority falling by GH¢66.49 million to GH¢163.48 million. Total liabilities also declined to GH¢169.46 million.
However, internally generated funds fell by 4.55 per cent to GH¢178.97 million, while cash and cash equivalents dropped sharply from GH¢502.29 million to GH¢63.97 million, largely due to spending on capital projects.
Despite the decline in cash holdings, SIGA said the Authority maintained strong liquidity and the capacity to meet its short-term obligations.
GSA also continued its digitalisation and environmental initiatives, including reducing paper use, digitising administrative processes and promoting energy-saving practices.
The Authority, established in 1974, is responsible for protecting and promoting the interests of shippers and regulating commercial activities related to international cargo transportation.
