The Ministry of Trade, Agribusiness and Industry has outlined ambitious plans to transform Ghana’s pharmaceutical sector through the PharmaVax Programme, aimed at strengthening governance, improving investment conditions, and expanding market access for local manufacturers.
The Ministry says the programme is built around four key pillars:
1. Strengthening governance institutions within the pharmaceutical sector.
2. Enhancing public-private dialogue between government and industry players.
3. Improving the environment for foreign direct investment and trade.
4. Promoting greater transparency in investment conditions and authorization processes.
At a meeting in Accra on Thursday 25th June, 2026, the Director of Administration Mr Yaw Sakyi on behalf of the Minister Elizabeth Ofosu-Adjare, said the government is committed in making Ghana the pharmaceutical manufacturing hub in the sub-region adding that the Pharmaceutical policy will among others gave the necessary implementation systems for the growth of the industry.
He commended the European Union and the German Ministry for Economic corporation and Development for the €415,437.78.
As part of the initiative, the Head of the Pharmaceutical Manufacturing Development Unit of the Ministry Mr Godfred Gobah, stated that the Ministry will engage the private sector and participate in local and international events to increase the visibility of Ghana’s pharmaceutical industry and create new market access opportunities.
The ministry he said expects the programme to lay a solid foundation for achieving several strategic objectives by 2030. These include doubling the export value of pharmaceutical products within the ECOWAS market, increasing the market share of locally produced pharmaceutical products from 30 percent to 60 percent among others.
The Trade Ministry, working in collaboration with GIZ Ghana, EU and other key stakeholders, is seeking to establish a robust ecosystem to support the growth of the pharmaceutical sector.
Source: Classfmonline.com
2 Comments
https://shorturl.fm/Knubg
https://shorturl.fm/vH2Bv