Following the high cost of production, the Ghana National Chamber of Pharmacy, Pharmaceutical Importers and Wholesalers Association, and Pharmaceutical Manufacturers Association of Ghana have resorted to the cash-and-carry system.
According to the associations, economic indicators such as high inflation, high-interest rates, increases in fuel prices, and high utility costs are influencing raw material prices, resulting in a high cost of the finished product.
In a statement to the press, William Adum Addo, President of the Pharmaceutical Importers and Wholesalers Association, stated that the government must address the situation or risk the industry collapsing.
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