Camelot Ghana Plc is beginning a phased move towards more sustainable production as the security printing and manufacturing company prepares for its next stage of growth.
The company plans to introduce FSC-certified and recycled-content paper for cheque and certificate printing, shift towards low-VOC and water-based inks, and monitor energy consumption across its flexographic printing operations.
It is also developing a formal sustainability policy and reporting structure in line with Ghana Stock Exchange (GSE) disclosure requirements.
The initiatives were announced during Camelot’s “Facts Behind the Figures” investor engagement with the GSE, where the company presented its financial performance, workforce indicators and growth plans.
Managing Director of Camelot Ghana, John Villars, said sustainability would increasingly be incorporated into the company’s sourcing and production decisions.
Supplier certification mapping and audits of ink use and energy consumption are already underway, he said.
Sustainability alongside growth
The sustainability measures come as Camelot expands its business beyond its traditional printing operations.
The company, which has been in operation for 45 years, has grown from a computer paper printing business into a diversified security printing and manufacturing company with operations in flexographic label printing, web offset printing, document security solutions and verification software.
Its Flexo business has emerged as the fastest-growing part of the company.
Revenue from the business increased by 321% between 2022 and 2025, raising its contribution to total revenue from 23% to 34%.
The expansion makes energy use, raw material sourcing and production processes increasingly important as the company grows its manufacturing capacity.
Camelot said the sustainability programme would therefore be introduced in phases, allowing it to assess its suppliers, production processes and resource use before expanding the measures across the business.
Stronger workforce
The company is also placing emphasis on retaining and developing its workforce.
Employee retention stands at 99%, compared with a manufacturing-sector benchmark of about 72% to 74%, while retention among critical and skilled employees is 95%.
Camelot said 10% of its employees were promoted internally, compared with an industry benchmark of about 6%.
The company spends 5% of its revenue on learning and development, against a 2.9% cross-industry reference point.
Women account for 45% of the overall workforce, above the 30% print-industry benchmark. However, women represent 27.27% of management positions.
Camelot has set targets of 50% gender balance across the workforce and at least 30% representation of women at management level.
Revenue more than doubles since 2022
The sustainability and workforce initiatives come against the backdrop of strong revenue growth.
Camelot’s total revenue reached GH¢36.97 million in 2025, up 31.5% from the previous year and almost three times the GH¢13.41 million recorded in 2022.
Flexo revenue increased 321% cumulatively over the four-year period, while revenue from cheque printing increased by 140%.
Revenue from the company’s traditional business also increased by 102% over the same period.
The growth has strengthened the company’s balance sheet, with shareholders’ funds moving from a negative position in 2022 to GH¢6.83 million in 2025.
The company said the increase in Flexo activity has changed its revenue mix, but growth has also been recorded in its traditional business lines.
Profit growth continues in 2026
Camelot maintained its growth trajectory in the first half of 2026, although turnover growth has moderated.
Turnover reached GH¢21.40 million, representing a 9% increase compared with the first half of 2025.
Profit after tax increased by 19% to GH¢2.61 million, while the profit margin improved to 12%.
The company noted that the slower revenue growth followed two consecutive years of 72% half-year growth and reflected the larger revenue base from which it is now expanding.
Focus shifts to capacity and innovation
Camelot’s growth plans include increasing production capacity for its Flexo business and expanding into digital printing.
The company also plans to develop artificial intelligence applications for its operations and the wider printing industry, pursue printing opportunities with state institutions and agencies, and increase spending on market research, product development and employee training.
The combination of manufacturing expansion and sustainability initiatives will be an important test for Camelot as it moves into its next phase.
For the company, the immediate task is to ensure that growth in production is accompanied by more efficient use of materials and energy, stronger workforce capabilities and improved environmental reporting.
