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Pharmaceutical Society of Ghana implore members to reduce price of medicine

Pharmaceutical Society of Ghana

December 22, 2022 

The Pharmaceutical Society of Ghana (PSGH) has appealed to its members to reduce prices of medicines after a gradual appreciation of the Ghana cedi against the major trading currencies.

“The PSGH has taken note of high prices of medicines, despite the appreciation of the Cedi, although the original reason for the high prices was mainly due to the recent depreciation of the Cedi” it said in a statement.

The PSGH said access to medicines and other medical products must therefore be of utmost priority at every point in time for all relevant stakeholders.

The PSGH therefore stressed the critical need for the pharmaceutical supply chain, including manufacturers, importers, wholesalers, suppliers, and retailers to take urgent steps to reduce the prices of medicines to reflect the Cedi’s improved performance against the major trading currencies.

The PSGH also urged the National Health Insurance Authority (NHIA), the Ministry of Health (MOH), and the Ministry of Finance (MOF) to urgently work together to ensure payment of arrears owed providers under the National Health Insurance Scheme (NHIS).

This it said would allow providers to pay their suppliers of pharmaceutical products.

“We believe this will also contribute further to the reduction in prices of medicines,” the statement said.

Writer’s email: ttchrietoph1@gmail.com

Source: GNA

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