Pharmaceutical Society of Ghana woos India investors
The Pharmaceutical Society of Ghana is urging its Indian counterparts to forge deepened trade relations with the industries local to establish more manufacturing companies across the country.
The society explains that Indian is far advanced in the manufacturing of pharmaceutical products thus a shared technology will boost the capacity of the indigenous companies.
Speaking at the India- Ghana Business Summit in Accra, the President of the Pharmaceutical Society of Ghana, Samuel Kow Donkoh entreated the Indian Pharmaceutical companies to leverage on the existing investment avenue in Ghana to ensure win-win situation for both parties.
“Please bring your technology to Ghana. Help us improve our local manufacturing companies. Technology transfer is very key and you can help us improve. The strategic plan for Pharmaceutical Society of Ghana is quite clear: that the 30% of products being manufactured should increase gradually to 50% and we can do it with our Indian partners,” he appealed.
“We also believe that with about 45 pharmaceutical manufacturing companies from Indian coming to the country to interact with local businesses they will be able to identify our needs the more and will be able to formulate tailored made products for our market,” he added.
He further added for deepen collaboration between local industries and the Indian companies: “Most of these companies are going to start from scratch but if they enter into partnership with an existent local Pharmaceutical company you have a market to start with”
Source: Ghana Business
