Consumer
FMCG names — Fan Milk, Guinness Ghana, Unilever Ghana, PZ Cussons. Revenue tracks middle-class household spending. Margins are squeezed in cedi-depreciation periods because many raw materials are imported.
Market cap
GH₵3.18B
3.4% of listed market
Average 1y return
—
equal-weighted across 6 names
Average dividend yield
3.31%
trailing, equal-weighted
Liquidity
1.5/10
average grade
Industries within consumer
Food & Beverage
3 names- FMLFan MilkGH₵5.20+0.39%
- GGBLGuinness Ghana BreweriesGH₵3.10+1.64%
- CPCCocoa Processing CompanyGH₵0.020.00%
Household & Personal Care
2 names- UNILUnilever GhanaGH₵14.50+2.11%
- PZCPZ Cussons GhanaGH₵0.68+1.49%
Other
1 name- DIGICUTDigicut AdvertisingGH₵0.090.00%
All 6 listed names in consumer
| Ticker | Industry | Price | Day % | Mcap | Yield | Liquidity |
|---|---|---|---|---|---|---|
| GGBL Guinness Ghana Breweries | Food & Beverage | GH₵3.10 | +1.64% | 951M | — | E |
| UNIL Unilever Ghana | Household & Personal Care | GH₵14.50 | +2.11% | 906M | 3.79% | E |
| FML Fan Milk | Food & Beverage | GH₵5.20 | +0.39% | 604M | 1.73% | D |
| CPC Cocoa Processing Company | Food & Beverage | GH₵0.02 | 0.00% | 400M | — | E |
| PZC PZ Cussons Ghana | Household & Personal Care | GH₵0.68 | +1.49% | 312M | 4.41% | E |
| DIGICUT Digicut Advertising | Other | GH₵0.09 | 0.00% | 10.7M | — | E |
What to watch
Volume growth vs price-led growth (volume decline with flat revenue = consumer stress), gross margins in FX-volatile periods, and distribution reach into tier-2 cities.
Policy-maker & analyst lens
Sector profitability is a cleaner read on real household spending than official CPI. When FMCG firms report volume declines alongside strong nominal revenue, it means households are trading down even as prices rise — a sign of eroded purchasing power.
Sector analysis is editorial and data is end-of-day. Not investment advice. See all sectors · macro dashboard · global economic context.