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West Africa's Green Future

Packaging
that doesn't
cost the earth.

Yarmoah Group is building West Africa's first industrial-scale kraft paper bag manufacturer — replacing plastic with locally made, branded, affordable paper bags.

$599M Ghana plastic bag market
10M+ Bags per year capacity
0 Industrial competitors in Ghana
$600K Seed round target
The Opportunity

A $600M market
with no local supplier.

Ghana generates 1.1 million tonnes of plastic waste annually. Plastic bags are a major contributor — and the government is cracking down. The EPA is increasing enforcement of plastic bag restrictions, and retailers face growing regulatory pressure to switch.

The problem? Imported paper bags cost $0.15–$0.25 each — far too expensive for retailers to make the switch commercially viable. And there is no local manufacturer capable of supplying supermarket chains at industrial scale.

That is exactly the gap EcoBag by Yarmoah Group is built to fill — locally manufactured, custom printed, and priced to compete directly with plastic.

A single Shoprite branch in Accra uses an estimated 50,000–100,000 bags per week. Accra has 5+ major supermarket chains with multiple branches each. The demand is not a question — it was already confirmed during our 2020–2021 pilot.

1.1M Tonnes of plastic waste generated in Ghana yearly
$599M Value of Ghana's plastic bag market (2023)
36 Paper bag suppliers in Ghana — all small manual operations, none at industrial scale
50%+ Cheaper than imported paper bags thanks to local production and sourcing
Our Approach

Local production.
Global standards.

By manufacturing in Accra with MTED RZFD-450 industrial machinery from China and locally sourcing handles, adhesive, and ink — EcoBag delivers printed kraft paper bags at a price point that makes switching from plastic commercially rational for every retailer.

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Industrial Scale

MTED RZFD-450 machine produces 10–34 million bags per year from a single line in Accra. 17.3M bags/year is the Year 1 target — just 50% of machine capacity.

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Locally Sourced

Only kraft paper is imported. Handles, adhesive, and ink are sourced locally in Ghana — cutting variable costs by 40–67% versus importing everything.

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Inline Printing

Custom 2-colour flexographic printing built into production. Branded bags are produced at no extra handling cost — adding just $0.009 per bag.

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EPA Compliant

Fully compliant with Ghana's plastic bag restrictions and ESG standards. As enforcement increases, EcoBag becomes the only viable local option for retailers.

Product Range

Three sizes.
One solution.

Small · 20 × 30 cm
Pharmacy Bag

Compact kraft paper bag with locally sourced twisted handle. Perfect for pharmacies, convenience stores, and small retail outlets.

HandleTwisted paper (local)
Paper weight80–100 GSM kraft
Cost to produce (printed)$0.037
B2B sell price$0.055
Gross margin32.7%
vs imported paper bag54% cheaper
Medium · 30 × 40 cm
Retail Bag

Standard grocery and retail bag with flat paper handle. The primary SKU for supermarket chains — highest volume product.

HandleFlat paper (local)
Paper weight80–100 GSM kraft
Cost to produce (printed)$0.058
B2B sell price$0.085
Gross margin31.8%
vs imported paper bag53% cheaper
Large · 40 × 50 cm
Supermarket Bag

Heavy-duty carry bag with locally sourced rope handle for supermarket chains and wholesale distributors. Premium look, local cost.

HandleRope handle (local)
Paper weight80–100 GSM kraft
Cost to produce (printed)$0.086
B2B sell price$0.120
Gross margin28.3%
vs imported paper bag52% cheaper
Competitive Landscape

First-mover in
an uncontested market.

Direct Competitors

36 paper bag suppliers exist in Ghana — 91% are single-owner manual operations. None can supply supermarket chains at industrial volume. EcoBag's machinery alone produces more bags in one day than most competitors produce in a month.

NameScaleThreat
Realma BagsSmall / manualLow
Joldy Paper BagsMicro / WhatsAppVery Low
UN Packaging GhanaSmall supplierLow
FON PackagingSmall supplierLow
Universal Packaging Gh.Small supplierLow
Indirect Competitors

The real competition is plastic bags and Asian imports. Both are being squeezed — one by regulation, the other by EcoBag's local cost advantage.

CompetitorHow EcoBag Wins
Plastic bag producersEPA enforcement closes the price gap
Chinese paper bag importsEcoBag 50%+ cheaper locally made
S.Africa / Morocco exportersShipping cost + local advantage
Trashy Bags (upcycled)Different product, different market
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Only industrial producer in Ghana

No existing local competitor can supply supermarket chains at scale.

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Structural cost advantage

Local handles, ink, and adhesive cut costs 40–67% below any import.

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Proven demand — 2020–21

Supermarkets confirmed supply interest before a single bag was made.

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Diaspora founder advantage

EU investor access, German grant eligibility, and Ghanaian market knowledge.

Market Opportunity

Accra alone needs
1.2M–3.4M bags per month.

$599M

Ghana plastic bag market (2023). 1% market penetration = $6M+ annual revenue. EcoBag's Year 1 target is 25–40% of Accra.

$981M Africa sack paper market by 2035
210K Bags/month to break even
25% Accra share needed for Year 1 targets
45%+ Gross margin at scale (3M+ bags/month)
Year 1 Accra, Ghana 1.44M bags/month $690K–$1.4M
Year 2 Accra + Lagos, Nigeria 2.5M+ bags/month $1.4M–$2.4M
Year 3 West Africa 4M+ bags/month $2.4M–$3.8M

SegmentEst. bags/monthPhase
Large supermarkets (3–5 chains)270K–900KPhase 1
Mid-size supermarkets225K–720KPhase 1
Pharmacies (20+ locations)300K–600KPhase 1
Food & fast food outlets450K–1.2MPhase 2
Nigeria (via ESG partner)Multiples of GhanaPhase 2–3
The Founder

Built by someone
who knows the market.

Forster Yarmoah
Founder & CEO — Yarmoah Group

"I saw supermarkets in Accra ready to make the switch in 2021. The demand was real then — it's even stronger now. I'm coming back to finish what I started."

Forster Yarmoah is a Ghanaian entrepreneur based in Hamburg, Germany, with over a decade of experience in IT and technical operations.

He first identified the paper bag market opportunity during a pilot in Ghana in 2020–2021, where supermarket chains confirmed interest in a supply partnership. The pilot was paused due to capital constraints and his return to Germany for family reasons.

He is returning to Accra in April 2026 to formalise retail partnerships, establish supplier agreements, and gather the ground-level data needed to support the $600,000 fundraise.

His combination of Ghanaian market knowledge, diaspora investor access, and European grant network — including eligibility for GIZ and KfW development bank funding — positions Yarmoah Group to bridge capital and execution in a way no purely local operator could.

Ghana Hamburg West Africa 10+ Yrs IT Pilot 2020–21 EU Grant Access
For Investors

A first-mover
in a proven market.

Yarmoah Group is raising a $600,000 seed round to fund industrial production machinery from China, a production facility in Accra, and 12 months of working capital. A contract manufacturing bridge generates revenue from day one while machinery is in transit and being installed.

$600K Seed round target
4–6x Projected 5-year ROI
$1.9M+ Year 2 revenue target
45%+ Gross margin at scale

Funding Stack

Anchor private investor(s) Equity $200K–$300K
GIZ / KfW German development banks Grant $100K–$150K
African Development Bank Grant/Loan $100K–$150K
ESG impact investors Equity $50K–$100K
Diaspora & secondary investors Equity $50K–$100K

Why invest now?

  • First-mover advantage — no industrial paper bag manufacturer exists in Ghana today
  • Demand confirmed — supermarkets expressed supply interest during 2020–21 pilot before production began
  • Market tailwind — Ghana EPA plastic enforcement increasing every year
  • Structural cost advantage — local handles, ink and adhesive undercut every importer by 40–67%
  • Nigeria upside — $981M Africa sack paper market by 2035, entry via ESG NGO partner network already identified
  • Break-even at just 210,000 bags/month — less than 15% of machine capacity
  • Milestone-based tranches available — invest as we hit targets, reducing risk
  • Non-dilutive grant stacking — GIZ, KfW alongside equity reduces investor dilution
Use of funds breakdown: Machinery & logistics 36% · Raw materials 20% · Staff & operations 15% · Facility 10% · Sales & marketing 7% · Legal & compliance 3% · Contingency 8%
Get In Touch

Let's build
something real.

Whether you're a retailer, investor, or partner — we want to hear from you.

Yarmoah Group is actively seeking retail partners in Ghana and Nigeria, and investors who believe in the West African green economy. We will be in Accra from late April 2026.

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Website
yarmoahgroup.com
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Email
forster@yarmoahgroup.com
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Phone / WhatsApp
+49 17693168199
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Based
Hamburg, Germany & Accra, Ghana