Ghana plans pharmaceutical park to boost local manufacturing

Ghana is working to address economic vulnerabilities caused by its reliance on exporting raw commodities. While the country possesses abundant resources such as cocoa, gold, bauxite, and various agricultural products, it often lacks the processing capacity to capture full value, leading to the import of finished goods and lost opportunities for domestic job creation and technological advancement.

To combat this, the government is planning to establish a pharmaceutical industrial park in the Shai-Osudoku District. Developed under the ‘24-Hour Economy’ initiative, the project aims to create an ecosystem for the local production of medicines, medical devices, and herbal products. The park is intended to provide essential infrastructure, including reliable electricity, water, and wastewater treatment, to attract both domestic and international manufacturers from countries such as India, China, and the United States.

The project has already secured an anchor investor and expects to support up to 20,000 people during its first five years of operation. Development work is slated for completion by the end of the year, followed by detailed master planning and the construction of a township for employees.