President: COVID-19 offers opportunity to boost local pharmaceutical industry Featured

By Nana Yaw Dwamena March 17, 2020 399 4 comments

President Nana Addo Dankwa Akufo-Addo has called on leaders in the pharmaceutical industry to collaborate more with the leading banks in an effort to address some of the deficiencies in the industry.

According to the President, it is long overdue for Ghana to produce basic things such as masks, hand sanitiser and disposable gloves, which have proved very important in the fight against the coronavirus.

“We should be making most of the things we need in Ghana ourselves, and I am seeing what is happening to us, in this crisis, as an opportunity. It has very big consequences, but it is also an opportunity. They say necessity is the mother of invention and advisedly so,” the President said.

At a meeting with the leaders of the country’s pharmaceutical and banking industries yesterday, he bemoaned Ghana’s overdependence on foreign-made products.

“Sometimes it takes bad situations or crises to reveal the obvious truth. Our country, our economy, our society is too dependent on foreign-made things across the world. We are not talking just pharmaceuticals. We are far too dependent on things that are made from abroad and are imported by us,” the President said.

Together we fight

He prayed to God to shield the country from increased cases of the coronavirus infection, acknowledging that should there be a spike in the incidence of infection, Ghana will face a significant challenge.

According to the President, whatever decisions are made in the immediate term, these might not radically change the situation, though they will serve as building blocks for a future transformation.

“So, I called you here for all of us to put our brains and minds and hearts together, to see a way forward for the future of our country. Whatever decisions are made today are not going to transform the situation today or tomorrow. But then, we are going to be putting in the building blocks, the platform, for the transformation of tomorrow,” President Akufo-Addo said.

High interest rates

The President also lamented the high interest rates in Ghana, saying the difficulty in accessing money is a problem which ought to be addressed.

He said it is important that “we all work collectively to see how our banking sector, which is fortunately becoming stronger, finds a way of channelling monies and resources to some of you here, so that we can begin to do things for our health system”.

“If we want to be a properly functioning country, we cannot continue to live off other people’s ingenuity and hard work. We have to live off our own ingenuity, creativity and hard work. That is the only way we can build a viable nation,” the President urged.

He reiterated the government’s commitment to overcome the pandemic, urging all citizens to put their shoulder to the wheel to help combat the spread of the virus.

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Last modified on Tuesday, 24 March 2020 16:24


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