{"id":342078,"date":"2017-08-04T17:33:01","date_gmt":"2017-08-04T17:33:01","guid":{"rendered":"http:\/\/citifmonline.com\/?p=342078"},"modified":"2017-08-04T17:33:01","modified_gmt":"2017-08-04T17:33:01","slug":"capture-ecowas-market-osafo-maafo-urges-pharmaceutical-companies","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/capture-ecowas-market-osafo-maafo-urges-pharmaceutical-companies\/","title":{"rendered":"‘Capture’ ECOWAS market \u2013 Osafo Maafo urges pharmaceutical companies"},"content":{"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.<\/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":[],"categories":[19],"tags":[860,3,2844,4279],"yoast_head":"\n