Vice President Dr. Mahamudu Bawumia has promulgate strategies to launch an initiative focused on strengthen the pharmaceutical industry in Ghana through a dedicated fund arrangement.
Speaking at a meeting with members of the Pharmaceutical Society of Ghana, Dr Bawumia emphasized on the significance of supporting local drug manufacturers to reduce reliance on imports.
Dr. Bawumia also revealed his dedication to strengthen the sector’s competence if he is elected president in the upcoming elections, emphasizing the need for a specialized financial institution to accelerate this effort. He expressed his vision for placing Ghana as a regional manufacturing hub, emphasizing the significance of administering sufficient funds to achieve this goal.
“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”.
He accentuated the efficacy of leveraging Ghana’s comparative advantages in the pharmaceutical sector.
“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”.
