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    E-cedi will not affect MoMo business – Bank of Ghana

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    Recent downgrades by S&P, Fitch ratings on Ghana unfair – African Peer Review Mechanism

    Private sector critical to renewable energy target – Sector Ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    BoG, EOCO deepen collaboration to build robust financial sector

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Unilever Ghana PLC remains upbeat about future growth prospects

byNerteley Nettey
June 28, 2022
in Business, Local Economy, Top Stories
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Managing Director of Unilever Ghana PLC, George Owusu-Ansah, has stated that it is optimistic about his outfit’s growth prospects.

This comes as the company recorded an increase in revenue of about 23% for the year 2021 despite the impact of the lingering COVID-19 on businesses.

Taking its turn at the ‘Facts Behind The Figures’ forum, organized by the Ghana Stock Exchange (GSE) for listed companies, Managing Director of Unilever Ghana PLC, George Owusu-Ansah, said the company’s revenue increased to Gh¢ 559m in 2021, up from the Gh¢456m recorded in 2020.

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This represents a 23 percent increase in turnover over the period.

“The company ended the year having recorded a gross profit of Ghc108m, representing a 43 percent increase over the previous year’s performance. Overall, the company’s performance was an improvement over the previous year’s, driven largely by significant investments it made in product innovations and building the equity of its brands. 38 percent of the company’s portfolio gained market shares as a result. The company prioritized the reduction of waste from its operations,” he said.

George Owusu-Ansah, also noted that Unilever Ghana is doing well on its journey to rediscovering its greatness through its purpose-driven brands.

The Managing Director is upbeat about Unilever’s sustainability programmes.

He mentioned the company is investing to unlock growth, build talent and help develop the skills of the youth.

“The company’s objective also remains to make sustainable living commonplace for all,” he added.

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