Wash the fiberglass reinforced plastic panel thoroughly with hot soapy water and a cloth. Pay particular attention to any grooves that may have accumulated dirt -- this is particularly important if this is wood-look FRP.
Sand the FRP with medium- to fine-grade sandpaper. Use small circular motions to sand until you have roughened the entire surfaces of the FRP. Wipe away any dust with a damp cloth.
Stir latex primer thoroughly until it is well-mixed and uniform in color. Pour the primer into a paint tray. Roll the primer on the FRP in a "W" pattern. This method helps cut down on streaking.
Mix the acrylic paint thoroughly as you did with the primer. Pour the paint into a paint tray, then roll it onto the panel using the same method you used with the primer. Allow the paint to dry.
Paint a second and third coat on the panel if desired. Allow the paint to dry between each coat.