The Corporate Affairs Department of the Ghana Publishing Company Limited (GPCL) has launched a stinging rebuttal against its former Managing Director, Mr. David Asante, accusing him of attempting to hijack the credit for the company’s recent operational and financial rebirth.
In a detailed statement, the company dismissed Mr. Asante’s social media assertions as “unmeritorious” and “self-serving,” arguing that the true architects of the firm’s modernization are the current board and management working under the “resetting,” agenda of President John Dramani Mahama.
“Ghana Publishing did not have a good brand previously; this was the place that, when you were sending someone to, they felt like you were sending them to Siberia, and so the recent turnaround of the company must be commended.
“The management and the board are to be highly commended for their efforts. We wish to state emphatically that the current management is focused on building an ultra-modern company and will not be distracted by the former MD”
Ghana Publishing Company Limited
The war of words follows a recent high-profile visit by President Mahama to the GPCL premises, marking his first anniversary in office. During the tour, the President lauded the current leadership for transforming the company from a “Siberia” – a place where staff once felt exiled – into a competitive, brand-conscious entity.
However, Mr. Asante took to social media to claim that he had already turned the company around before his departure, citing the establishment of a Kumasi branch and the acquisition of modern equipment as his legacy.
Debunking the Legacy
Adding up to the company’s defense, the current management clarified that many of the gains Mr. Asante is now claiming were actually inherited from his predecessor, Mr. David Dzreke, who led the company from 2010 to 2017.
According to GPCL, Mr. Dzreke left behind functioning printing equipment, a fleet of vehicles, and substantial cash reserves from rental revenues – resources that Mr. Asante allegedly used to perform a “facelift” rather than a fundamental structural overhaul.
GPCL also took aim at the former MD’s financial claims, specifically his assertion that the Kumasi branch was generating millions of cedis monthly.
The company clarified that the Kumasi office serves primarily as a collection point for Gazette applications and lacks the independent capacity to generate such massive revenue.
Furthermore, the reported 3,000 percent increase in company assets during Mr. Asante’s tenure was attributed to the revaluation of existing assets rather than the actual purchase of new machinery.
Modernization and Staff Welfare
The current administration argued that their tenure has achieved more in ten months than was seen in previous years, particularly regarding staff motivation and technological advancement.
While Mr. Asante pointed to ad-hoc 24-hour work cycles during election periods, the current management highlighted the establishment of a structured 24-hour shift system that operates efficiently without the need for excessive staff overtime.
To prove the financial health of the company under the current “reset,” management pointed to the 13th-month salary paid to staff in December 2025 and a massive 40 per cent salary increment approved for 2026.
These welfare boosts, along with the establishment of a brand-new digital printing center, were presented as evidence of a genuine turnaround that prioritizes both the worker and the technology.
GPCL concluded by reinforcing the company’s alignment with President Mahama’s broader vision for state-owned enterprises.
Management insisted that the acquisition of high-end assets, such as a US$ 200,000 Toyota Land Cruiser for operational use, and the digital transformation of the printing floor are proof of a forward-looking administration that refuses to be bogged down by the “commentary,” of past officials.
GPCL maintained that it has not received any debt settlements from Parliament since February 2025, contrary to claims that the current success was built on government bailouts. Instead, they credited prudent internal management for the current financial stability.
“The current management of GPCL is focused on supporting His Excellency President John Dramani Mahama’s resetting agenda by building an ultra-modern publishing company to serve Ghanaians. We remain committed to the progress and the operational reforms that have restored our brand’s integrity”
Ghana Publishing Company Limited
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