Industry Trend Analysis - Pharmaceutical Sector Well-placed To See An Uptick In Foreign Drugmaker Activity - FEB 2018
BMI View : Ghana's pharmaceutical market offers an attractive proposition as a strategic hub for foreign drugmakers looking to establish a footprint in West Africa. Underpinned by a favourable business environment and low political risk, multinational pharmaceutical firms are exploring wider opportunities for medicine sales within Ghana , as well as exports to its neighbouring markets.
Ghana's position as one of the more attractive pharmaceutical markets in West Africa is underpinned by its relative ease of doing business and wealth of existing infrastructure. The table below illustrates the main multinational drugmaker activity in Ghana. Some firms have formed partnerships with local drugmakers, supported investment towards local research or implemented training and awareness programmes. Given the highly ruralised nature of the Ghanaian population, and its general lack of healthcare coverage, the ongoing efforts between foreign drugmakers and the Ghanaian public healthcare sector are important steps in order to boost the commercial viability of medicine programmes.
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