Local Drug Companies To Benefit $26 Million EDAIF To Help Expand Their Businesses


President John Dramani Mahama in persistence to his Agenda to transformation and the promotion of "Made in Ghana" products, has granted the local drug companies, through EDAIF about $26 million to help expand their businesses. 

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

This came to light when the Pharmaceutical Manufacturers Association of Ghana on Tuesday called on President Mahama at the Flagstaff House to express their appreciation and also congratulate him for keeping to his promises and helping enhance the business of local drug manufacturing companies. 

On behalf of the association, the President of the Association, Ernest Bediako Sampong also thanked president Mahama 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. 

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. 


GBC