GHANA – Unilever Ghana, one of Ghana’s largest consumer goods companies, has announced its plans to get back on track as it strengthens its commitment to a sustainable growth and increasing shareholder value.
According to the company’s Managing Director, Mr. George Owusu-Ansah, the company is getting back on track after returning to profitability in 2022 and is now able to affirm sustainable growth of the business in Ghana.
“The company has managed to get back to its position after a hit from the COVID-19 pandemic and is intending to improve its shareholders while servicing the people of Ghana with its high-quality products,” Mr. Owusu-Ansah said.
Despite the tough times faced by the business, Owusu appreciated the consumers for their patronize, commitment, and loyalty to using the company’s products.
“In full recognition of the times we are in is a continuous focus on our cost and making sure that we are taking out waste and reducing cost so that we don’t burden them with cost that does not give them any value at all,” he added.
The company’s main agenda is to ensure sustainable living which is about human beings and its effort in helping young people gain employable skills, Ogusu said.
“As a company, we pledge to continue to depend on our prudent management practices and the full cooperation of staff and distributors to achieve the dream,” he added.
Mr. Owusu-Ansah said the company, which products are widely acclaimed nationwide with most of them now a household name, will continue to deliver long-term superior value and serve the people everywhere while contributing to a fairer and more socially inclusive world.
Based on the company’s financial report, Unilever posted a loss of US$14.8 million in 2019, and US$4.6 million in 2020 until it managed to overturn the losses into profits.
As of the first quarter of the year, the business has posted a profit of US$ 2.3 million, confirming its resolve to keep the growth trajectory in the coming quarters and into the year and beyond.
The company also recorded a turnover of US$ 22.3 million in the first quarter while its Net Cash Reserves also recovered from a negative position of US$ 5.4 million at the end of last year to US$ 1.7 million (positive) in the quarter under review.
At the beginning of the year, Unilever was announced as the top Employer in Africa’ at the Top Employer 2023 Awards.
The company bagged the prestigious honor for its operations in four different countries including Ghana, Ivory Coast, Kenya, and Nigeria.
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