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Business News Fri, 22 Jan 2016

Local drug manufacturing companies laud Mahama

The Pharmaceutical Manufacturers Association of Ghana has thanked President John Dramani Mahama for keeping to his promises and helping enhance the business of local drug manufacturing companies.

A statement issued by the Media Office of the Flagstaff House Communications Bureau of the Office of the President and copied to the Ghana News Agency said the Association called on President Mahama at the Flagstaff House to express their appreciation to Him.

President Mahama has in furtherance to his Agenda for Transformation and the promotion of Made in Ghana products granted to the local drug companies, through the Export Trade, Agricultural and Industrial Development Fund (EDAIF) about $ 26 million to help expand their businesses.

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

President of the Association, Ernest Bediako Sampong, speaking during a courtesy call on the President also thanked him 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 of Trade & Industry Ekow Spio Garbrah, Minister of Health Alex Segbefia, Deputy Minister of Health Victor Bampoe.

Source: GNA