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Support Gov’t gives local drug manufacturers $26 million

Beneficiary companies include Ernest Chemists, Entrance Pharmaceuticals (Tobinco), DanAdams, Dannex, KAMA and Kinapharma.

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The Pharmaceutical Manufacturers Association of Ghana, on Tuesday, called on President John Mahama at the Flagstaff House to express their appreciation and also congratulate him for keeping to his promises and helping enhance the businesses of local drug manufacturing companies.

President Mahama has, in furtherance to his Agenda for Transformation and the promotion of Made in Ghana products, granted to the local drug companies, through the Export Trade, Agricultural & Industrial Development Fund (EDAIF), about $26 million to help expand their businesses.

Beneficiary companies include Ernest Chemists, Entrance Pharmaceuticals (Tobinco), DanAdams, Dannex, KAMA and Kinapharma.

play Gov’t gives local drug manufacturers $26 million

 

President of the Association, Ernest Bediako Sampong, speaking during a courtesy call on the President also thanked him for listening to their pleas to amend the VAT Law to exempt more than 1,500 products from VAT, thus giving the local manufacturers an advantage.

play Gov’t gives local drug manufacturers $26 million

 

Present at the meeting were the executives and members of the Association, Minister for Trade & Industry Ekwow Spio Garbrah, Minister for Health Alex Segbefia, Deputy Minister for Health Dr. Victor Bampoe.

Credit: Flagstaff House

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