The Senior Minister, Mr Yaw Osafo Maafo, has asked Ghanaian pharmaceutical companies to take advantage of the ECOWAS sub-region’s huge market and expand their businesses.<\/p>\n
He indicated that enormous opportunities exist in the sub-regional market, which they need to fully exploit to substantially increase their product lines.<\/p>\n
Addressing an annual conference of the Pharmaceutical Society of Ghana (PSGH) in Kumasi, he asked that the Society collaborate with the government to devise ways to \u201ccapture\u201d the market.<\/p>\n
He added that this should be made an urgent priority and be seen as \u201ca must-do crusade\u201d.<\/p>\n
\u201cHarnessing opportunities in pharmacy for national economic development\u201d is the theme chosen for the six-day meeting.<\/p>\n
Mr. Osafo Maafo pointed out that the pharmaceutical industry holds tremendous potential for the nation\u2019s economy and underlined the government\u2019s unswerving determination to provide the needed support for its optimal performance.<\/p>\n
He said it was for this reason that it had introduced a number of stimulus packages for the sector.<\/p>\n
Among these is the exception of customs duties on all raw materials imported for local manufacturing of drugs.<\/p>\n
The government was also in talks with key stakeholders to exempt value added tax (VAT) on manufactured pharmaceutical products.<\/p>\n
Additionally, it had been discussing with ECOWAS member states to harmonize free movement of pharmaceutical products in the sub-region.<\/p>\n
The Senior Minister encouraged the companies to focus on building the capacity to penetrate the international market.<\/p>\n
<\/p>\n
–<\/p>\n
Source: GNA<\/p>\n","protected":false},"excerpt":{"rendered":"
The Senior Minister, Mr Yaw Osafo Maafo, has asked Ghanaian pharmaceutical companies to take advantage of the ECOWAS sub-region’s huge market and expand their businesses. He indicated that enormous opportunities exist in the sub-regional market, which they need to fully exploit to substantially increase their product lines. Addressing an annual conference of the Pharmaceutical Society […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[860,3,2844,4279],"class_list":["post-342078","post","type-post","status-publish","format-standard","hentry","category-health","tag-ecowas","tag-ghana-news","tag-osafo-maafo","tag-pharmaceutical-society-of-ghana"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/342078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=342078"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/342078\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=342078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=342078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=342078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}