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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Producers of cosmetics undergo training to boost competitiveness on global market

October 2, 2020
in Business, Top Stories
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The Global Shea Alliance in partnership with UNIDO has organized a training programme for cosmetic producers in the country.

The training programme, which brought together 50 entrepreneurs in the cosmetic production sector, was aimed at increasing their competitiveness on the global market.

Speaking in an interview on the sidelines of the training, the Managing Director of Global Shea Alliance, Mr. Aaron Adu, said the training programme formed part of the West Africa Competitiveness Programme (WACOM), which is being implemented by the two institutions.

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“We set up this training for cosmetic producers in Ghana on branding and marketing. We know that entrepreneurs in the cosmetic industry produce some of the best products that are suitable for our skin but one thing that goes against them is the way they brand It and the way they market it and so this training today provides an opportunity for us to bring experts to run these entrepreneurs through the various techniques in branding and marketing.

“We want to ensure that they are able to improve their capacity and brand their products well. The products our entrepreneurs produce are of high quality but they are not able to compete well as Ghanaians prefer cheap imported cosmetics product for a various reasons,” he stated.

He said while the reason could be attributed to cost, one important thing that could not be ignored was how Ghanaian entrepreneurs branded and marketed their products.
“We want the entrepreneurs to understand the market they are serving and how they can compete effectively,” he said.

He said the Shea Alliance has a series of programmes which it would roll out within the year all in an effort to improve the competitiveness of the entrepreneurs.

“We will look at other aspects such as production, distribution, sourcing raw material and everything that will help them become more competitive,” he noted.

Growing industry

Also speaking in an interview, the Chief Technical Adviser for WACOM, Ghana, Mr. Charles Kwame Sackey, said the Ghanaian cosmetic industry was doing well, describing it as a growing market with high demand.

“We, however, have to work on the quality of the products. Yes some are of high quality but on a scale of 1 to 100, only about 20 per cent of the products are of high quality but I think we have to build on that and increase the margins,” he stated.

He said the few who are producing high quality products that meet standards therefore have to be supported to brand and market the products well across the various divides of the market.

“The other problem we have with the Ghanaian market is adhering to standards. The Ghana Standards Authority has standards for the various blends of cosmetics and when you want to sell you have to get accreditation from the Food and Drugs Authority as well; but the truth is that some of them do not go through these processes but want to sell,” he pointed out.

He said this goes a long way to affect the confidence people have in products produced locally.

Tags: cosmetic producersGlobal Shea AllianceUNIDO
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