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Dr. Bawumia reveals plans to strengthen Ghana’s pharmaceutical industries

BY: Janet Dumas

The Vice President, Dr Mahamadu Bawumia has disclosed plans to roll out an initiative aimed at bolstering the pharmaceutical industry in Ghana through a dedicated fund arrangement.

During a meeting with members of the Pharmaceutical Society of Ghana, Dr Bawumia highlighted the importance of supporting local drug manufacturers to reduce reliance on imports.

Dr. Bawumia also expressed his commitment to enhancing the sector’s capabilities if he is elected president in the upcoming December elections stressing the need for a specialized financial institution to facilitate this endeavour.

“We need a financial institution that understands the business so for me, I believe that once we have made the decision that we are going to make Ghana a hub for manufacturing in this subregion, then you have to support it with the financial resources.
“And I think the gain from that would be huge for Ghana. And I think we should do it because we have a comparative advantage.”He said.

He articulated this vision will position Ghana as a regional manufacturing hub, stressing the importance of allocating adequate financial resources to achieve this goal.


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