Unilever Ghana revenue surge by 20% to GHS 632m in 2022
Unilever Ghana PLC, a prominent player in the Ghanaian market, showcased robust financial results at the recent ‘Facts Behind The Figures’ forum organized by the Ghana Stock Exchange (GSE). Led by Managing Director George Owusu-Ansah, the company revealed remarkable growth in both revenue and profitability, underpinned by strategic investments and unwavering commitment to sustainability.
With a notable upswing in turnover, Unilever Ghana PLC’s revenue soared to Gh¢632 million in 2022, marking an impressive 20% surge from the previous year’s figure of Gh¢527 million. The company’s strategic focus on expanding coverage, fostering innovation, and strengthening its core brands, including the venerable Key Soap, Pepsodent, and Geisha, played a pivotal role in driving this exceptional growth trajectory.
Unilever Ghana PLC demonstrated its unwavering commitment to bolstering profitability through a multifaceted approach. The company prioritized efficiency improvements, waste reduction measures, and robust credit control mechanisms, ensuring a sustainable and resilient business model. These initiatives led to a substantial increase in profit, with the company recording a noteworthy surge from Gh¢0.4 million in 2021 to Gh¢15 million in 2022.
In addition to its financial accomplishments, Unilever Ghana PLC continued to make substantial strides in the realm of sustainability. Collaborating with like-minded members of the Ghana Recycling Initiative by Private Enterprises (GRIPE), the company spearheaded initiatives to collect plastic waste and promote second-life solutions. This dedication to environmental responsibility not only reinforces Unilever Ghana PLC’s commitment to sustainable living but also positions the company as a role model within the industry.
Furthermore, Unilever Ghana PLC extended its support to communities and educational institutions by advocating for oral and personal hygiene habits. By championing these initiatives, the company exhibits its dedication to social responsibility, actively contributing to the well-being and development of Ghanaian society.
Reflecting on the company’s growth trajectory since 2020, Managing Director George Owusu-Ansah affirmed Unilever Ghana PLC’s unwavering commitment to its purpose of “Making Sustainable Living Commonplace.” By consistently delivering long-term value to its stakeholders, the company not only solidifies its market position but also underscores its dedication to creating a positive and lasting impact on society.
With its exceptional financial performance, steadfast sustainability endeavors, and focus on stakeholder value creation, Unilever Ghana PLC emerges as a beacon of success within the Ghanaian business landscape. As the company continues its journey of sustainable growth, investors and industry observers are eagerly watching for further achievements from this prominent market player.
