The Ghana AIDS Commission (GAC) recorded a GH¢8.51 million surplus in 2025, a sharp improvement from the GH¢0.04 million surplus recorded in 2024, according to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA).

The improvement followed a 204.58% increase in total income, which rose from GH¢13.31 million in 2024 to GH¢40.54 million in 2025.

Donor funding dominates income

Partner funding was the Commission’s largest source of income, contributing GH¢34.54 million, or 87.67% of total income, during the year.

Government funding contributed GH¢5.94 million, representing 14.65% of total income.

Despite the substantial growth in income, the Commission recorded zero internally generated funds (IGF) in 2025, continuing a pattern of no IGF generation over the five-year period covered by the report.

SIGA said the absence of internally generated revenue leaves the Commission reliant on government funding and development partners to finance its operations.

Expenditure rises 141%

GAC’s total expenditure increased by 141.37%, from GH¢13.27 million in 2024 to GH¢32.03 million in 2025.

Goods and services, including spending on seminars, conferences, workshops and meetings, together with other expenses, accounted for GH¢25.85 million, or 83.83% of total expenditure.

Compensation of employees amounted to GH¢4.65 million, representing 14.52% of total expenditure.

Despite the increase in expenditure, the stronger growth in income enabled the Commission to record the GH¢8.51 million surplus.

Its net margin improved from 0.28% in 2024 to 20.98% in 2025.

Assets and liquidity improve

The Commission’s total assets increased from GH¢5.18 million in 2024 to GH¢10.17 million in 2025.

Total equity also improved significantly, moving from a negative GH¢0.55 million to GH¢7.94 million.

Total liabilities declined from GH¢5.73 million to GH¢2.24 million, while the Commission reported no interest-bearing liabilities.

Its cash and cash equivalents increased from GH¢4.61 million to GH¢10.02 million.

The current ratio strengthened from 0.80:1 in 2024 to 4.48:1 in 2025, indicating that current assets were sufficient to cover current liabilities more than four times.

Net cash flow from operating activities also improved from GH¢3.65 million to GH¢5.54 million.

Commission coordinates HIV-related activities

During 2025, the Ghana AIDS Commission coordinated HIV-related human rights activities with CHRAJ and the Global Fund under Grant Cycle Seven to build capacity for legal assistance for people affected by HIV and tuberculosis.

It also worked with UNAIDS on technical assistance for the launch of the Ghana HIV Response Sustainability Roadmap.

In collaboration with the University of Ghana School of Public Health and the CDC, the Commission organised a strategic information dissemination forum aimed at strengthening knowledge and evidence-based dialogue.

The report also identified the link between food insecurity, including climate-induced food insecurity, and HIV-related risks, noting that food insecurity can contribute to risky sexual behaviour, including sexual violence against women and transactional sex.

Overall, the SIGA report shows a significant improvement in the Ghana AIDS Commission’s 2025 financial position, driven principally by increased partner and government funding, while its continued absence of internally generated revenue remains a key financial vulnerability.