New malaria drug launched
A new malaria drug, Novamether, has been launched in Kumasi with a call on Ghanaians to patronise made-in-Ghana goods to build a prosperous economy for the country.
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The anti-malaria drug was manufactured by an Accra-based pharmaceutical company, Pharmanova.
Miss World Africa 2013, Ms Carranzar Naa Okailey Shooter, made the call when she launched the drug last Thursday.
She said the magic wand required in creating the envisaged industrialised economy that was capable of tilting the balance of trade in Ghana’s favour was to support local industries to build their capacities to produce competitive products.
The occasion was also used to commemorate the 10th anniversary of the company.
Ms Shooter, a final-year student of the University of Ghana Medical School, Korle Bu, said she had a strong conviction that Ghana would be able to harness its world renowned human resource, quality natural resources and friendly business environment to position it as a very good country for others to import goods and services from.
Tax Rebate
The Chief Executive of Pharmanova, Mr Dhananjay Tripathi, said the company, which started operations a decade ago, was growing exponentially, supplying quality medicines to the Ministry of Health, members of the public and the sub-regional market.
Mr Tripathi commended the government for introducing tax rebate in the pharmaceutical industry, stressing that it had provided great relief for local industries.
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He also described the industry in Ghana as a sector with a great potential to build the economy, especially when one considers its strong regulatory bodies such as the Food and Drugs Authority (FDA).