Production and Marketing of Cocoa Butter and Shea Butter Based Body Pomadesas A Small Scale Business in Ghana

Authors

  • Esther Gyedu-Akoto Cocoa Research Institute of Ghana
  • Fred Amon-Armah Cocoa Research Institute of Ghana
  • Emmanuel O.K. Oddoye Cocoa Research Institute of Ghana

Keywords:

cocoa butter, shea butter, body pomade, small-scale enterprise, pilot-scale production, regulation, marketing, feasibility

Abstract

The purpose of this paper is to assess the pilot-scale production, quality and sale of cocoa butter and shea butter body pomades in Ghana and to highlight the role of regulatory bodies products in promoting these products. Cocoa butter- and shea butter-based body pomades were produced and sold to the general public at the Cocoa Research Institue of Ghana to determine their ecomic feasibility. The quality of the produts were assessed by the Ghana Standards Authority and the Food and Drug Authority as a requirement before putting up the products for sale. Pilot-scale production of the two products was quite profitable and the capital investment put in the business can be paid back after seven years of production, with Benefit Cost Ratio of 1.01 and 14% internal Rate of Return. Quality assessment of the products showed that they did not contain any harmful materials such as heavy metals and their microbial loads were all below the specification of less than 1.0 x 10(3). The results suggested that the production of cocoa butter and shea butter body pomades could be taken by entrepreneurs as a small scale enterprise in Ghana. The findings and issues discussed in the paper will also assist policy makers, development agencies and entrepreneurs to ascertain the approprite strategy in developing the small and medium scale enterprise sector for cosmetics in Ghana.

Author Biographies

Esther Gyedu-Akoto, Cocoa Research Institute of Ghana

New Product Development Unit, Senior Research Scientist

Fred Amon-Armah, Cocoa Research Institute of Ghana

Social Science and Statistics Unit, Agric Economist

Emmanuel O.K. Oddoye, Cocoa Research Institute of Ghana

New Product Development Unit, Chief Research Scientist

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Published

2015-10-24

How to Cite

Gyedu-Akoto, E., Amon-Armah, F., & Oddoye, E. O. (2015). Production and Marketing of Cocoa Butter and Shea Butter Based Body Pomadesas A Small Scale Business in Ghana. Asian Journal of Business and Management, 3(5). Retrieved from https://www.ajouronline.com/index.php/AJBM/article/view/3140