EXIMBANK-Tobinco partnership: Covid-19 medicine to be ready by June



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Chairman, Tobinco Group of Companies, Nana Samuel Amo Tobbin, says the Hydroxychloroquine and Azithromycin drugs which is set to be produced by Entrance Pharmaceuticals and Research Center will be out by June.

EXIMBANK Ghana has announced a collaboration with Entrance Pharmaceuticals and Research Center, a member of the Tobinco Group of companies, to produce Hydroxychloroquine and azithromycin locally to treat covid-19 patients.

Speaking on Atinka FM’s AM Drive with host Ekourba Gyasi, Chairman for the Tobinco Group of Companies, Nana Samuel Amo Tobbin said EXIMBANK is highly impressed with Tobinco Group’s utilization of previous grant facility extended to the group hence the group’s readiness to advance a new 5 million dollar facility to help tackle the pandemic in the country.

According to the business mogul, aside Entrance Pharmaceuticals and Research Center being one of the biggest pharmaceutical plant in West Africa, the facility has competent staff and the capacity to produce Hydroxychloroquine and azithromycin in large quantities locally to treat covid-19 patients.

He noted that the production for the two drugs is set to start soon and that the drugs after production will be handed over to the Ministry of Health.

The drugs, he said, is expected to be out by the end of May.

“If you compare Entrance Pharmaceuticals and Research Center to other manufacturing factories across West Africa, you will notice that ours has is competent workforce as well as the capacity to execute this project. All paper works towards the commencement of the project has been completed and so we will start production soon”, Nana Samuel Amo Tobbin said.

Also speaking to Atinka News Team President of the Ghana National Chamber of Commerce and Industry and Chairman for Ghana Export and Import Bank (EXIM Bank) Board Credit subcommittee, Nana Dr. Appiagyei Dankawoso, said it has been established that Covid-19 patients treated with Hydroxychloroquine and azithromycin recover quickly hence the move.

Nana Dr. Appiagyei Dankawoso noted that in line with the president’s vision of industrializing the economy and supporting local businesses, the EXIMBANK identified 10 areas of the economy to extend support to in order to drive this agenda.

These areas include; Pharmaceuticals, poultry, agro processing (fruits and juices, non-alcoholic beverages), Cassava supply chain, Garment and Textiles.

 

 

Ghana | Atinkaonline.com | Vivian Adu Boatemaa