{
  "id": 19707221,
  "title": "2027 Budget: Ghana targets local production of up to 80% of essential medicines by 2030 – Finance Minister",
  "url": "https://urgent.news/2026/11/12/2027-budget-ghana-targets-local-production-of-up-to-80-of-essential",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T20:43:22.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/2027-budget-ghana-targets-local-production-of-up-to-80-of-essential-medicines-by-2030-finance-minister/"
  },
  "original_language": "en",
  "account": "Finance Minister Dr Cassiel Ato Forson announced Ghana's ambition to produce between 60 and 80 percent of its essential medicines locally by 2030, as part of the country's efforts to lessen reliance on imports. Speaking in Parliament during the 2027 Budget Statement and Economic Policy on November 12, 2026, Dr Forson disclosed that Ghana presently imports between 70 and 75 percent of its medicine requirements, costing an estimated US$500 million annually.\n\nUnder the initiative, Pharmaceutical and Biomanufacturing Hubs will be developed in the Eastern and Central Regions, with construction set to commence in 2027 through a state-owned special purpose vehicle. Qualified Ghanaian and international manufacturers will be engaged through transparent lease and operating agreements.\n\nIn a bid to bolster local pharmaceutical businesses, the government plans to amend public procurement laws to favor locally manufactured medicines, provided they meet quality standards and are available in sufficient quantities. Suppliers must obtain Food and Drugs Authority registration and adhere to Good Manufacturing Practice standards to ensure product quality.\n\nThe initiative aims to create approximately 20,000 direct and indirect jobs, positioning Ghana as a pharmaceutical export hub for West Africa. By 2030, Ghana aims to manufacture 60 to 80 percent of its essential medicine needs locally.",
  "summary": "Finance Minister Dr Cassiel Ato Forson says Ghana is targeting the local production of between 60 and 80 per cent of its essential medicine requirements by 2030 as part of efforts to reduce dependence on imports. He said the government would invest US$1 billion in a Pharmaceutical and Biomanufacturing Compact to strengthen medicine security, create […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}