Ghana's mPedigree has been adjudged by Fast Company, a leading progressive business media brand, as the 5th most innovative company in Africa in 2016.

The innovative company was acknowledged for its role in fighting counterfeit products and piracy across the world.

mPedigree was named together with other global giants including Samsung electronics, African Leadership University and Protect Worldwide CIC.

Citing its competitive advantage, Fastcompany said mPedigree, which is based in Ghana but with other branches across the world, "is one of the few anti-counterfeiting companies based in Africa which has expanded its technology to cover not just medicine, but agricultural products, makeup, textiles, and electric cables as well."

The success of mPedigree notwithstanding, Fastcompany is anticipating a stiff challenge for the Ghanaian owned company from other competitors like Sproxil.

"Moreover they face the fact that investors are more drawn to countries like Nigeria, Kenya, and South Africa than Ghana," Fastcompany said.

mPedigree is a company that seeks to build innovations that have a giant footprints on the social sphere.

Right from 2007 when the company was birthed, mPedigree has been instrumental in the fight against counterfeit products.

It started with fighting counterfeit medicine but has since moved into textiles and other products. It has attained global recognition and won numerous awards.

CEO of the company Bright Simons told Myjoyonline.com they are happy with the new feat but are still working tirelessly to be number one innovative company across the globe.