Ghana’s Pharmacy Chamber wants duty free and tax free on imports for local production

Pharmaceutical Importers and Wholesalers Association at MoU signing with Apollonia City
  • The Pharmacy Chamber want Ghana's government to scrap all taxes on their production.
  • According to them, this will reduce import of medicines and reduce the cost of healthcare in Ghana.
  • They also added that this will ensure that they import to neighbouring countries for more revenue.

Ghana’s Pharmacy Chamber has appealed to the government to remove all taxes on all imported inputs and raw materials for pharmaceutical companies.

The group argues that this will reduce the imports of medicines substantially within the short term.

The Chamber asking for a 100 percent exemption on export duty to enable them export to neighbouring countries.

According to the Chamber the continuous importation of medicines which is currently estimated at 70 percent, prevents the local industry from growing. He added that this has partly contributed to the rise in the cost of healthcare.

The President of the Pharmaceutical Importers and Wholesalers Association, Samuel Donkor said “We, therefore, urge the government to do what it can by providing the physical incentives; 100 percent exemptions on import duties and levies on all inputs and raw materials to be used for the pharma-park; 100 percent exemption on export duty to enable us export to neighbouring countries; 100 percent exemption on income tax; total exemption from payment of withholding taxes from dividends arising out of investments as well as relief from double taxation for foreign investors.”

He said this during the signing of a Memorandum of Understanding (MoU) between the Chamber and Apollonia City.

The MoU will see to the release of about 60-acre land for the establishment of pharma-park at the Apollonia village. The site will be home to factories that will produce medicines locally and improve supply both to the local and regional markets.

CEO of Apollonia City, Bright Amofa also committed to the provision of the needed incentives to get the project fulfilled.

“Our partnership here today is to assist the Chamber with providing the land, the infrastructure and also assisting with funding for their members to be able to develop their industries. There are a number of indigenous companies who are members of the Chamber who are importing and distributing,” he observed.

“It is important that we strengthen our local economy so this for us marks the beginning of many things to come and the growing of our local pharmaceutical company to match that of others like India which have grown,” Mr Amofa added.

Meanwhile, Ghana’s Deputy Minister of Health Kingsley Aboagye Gyedu who witnessed the event said the government will support pharmaceutical companies to achieve their aim.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Why do guys still masturbate when they have girlfriends?

Why do guys still masturbate when they have girlfriends?

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

Butita recalls life-changing phone call and secrecy involved in working for Netflix

Butita recalls life-changing phone call and secrecy involved in working for Netflix

Our tradition allows polygamy - Citizen TV's Stephen Letoo after breakup with Baby Mama

Our tradition allows polygamy - Citizen TV's Stephen Letoo after breakup with Baby Mama

Burna Boy gives a tour guide of his palatial home in Lagos

Burna Boy gives a tour guide of his palatial home in Lagos