Business
Ghana Champions Public-Private Partnerships for Vaccine Manufacturing Hub Ambitions
At the Ghana Vaccine Manufacturing Investment Forum in Accra, Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, made an urgent call for Public-Private Partnerships (PPPs) and innovative financing models to transform Ghana into a regional vaccine manufacturing hub.

Speaking on the theme “Accelerating Vaccine Development and Manufacturing in Ghana: The Role of Financing Institutions and Development Partners,” the Minister stressed that bridging the gap between government vision and private sector efficiency is critical if Ghana is to secure health sovereignty and reduce reliance on imported vaccines.
“Financing institutions must prioritize vaccine development as a strategic investment by offering guarantees or blended finance models that reduce risks for local manufacturers,” she said, calling on banks, equity funds, and development partners to align their efforts with Ghana’s national priorities.
Building a Regional Hub
While PPPs were at the heart of her remarks, Ofosu-Adjare also highlighted the government’s broader strategy to position Ghana as a sub-regional manufacturing powerhouse.
She noted that the pharmaceutical sector has been classified as a strategic industry under the AfCFTA National Policy Framework, with a Ghana Pharmaceutical Manufacturing Policy under development to provide regulatory clarity and attract sustained investment.
Lessons from COVID-19
The Minister reminded participants that the COVID-19 pandemic exposed Africa’s dependence on imported vaccines, leading to delays and inequities in access.
She said with its skilled workforce, stable governance, and expanding pharmaceutical sector, Ghana is uniquely placed to lead vaccine development efforts in West Africa.
The Role of Development Partners
She further urged multilateral organizations, bilateral donors, and global health initiatives to deepen their support by providing technical assistance, strengthening regulatory frameworks, and fostering regional collaboration.
Development partners, she stressed, must focus on technology transfer and sustainable capacity-building rather than short-term aid.
A Moral and Economic Imperative
Finally, Ofosu-Adjare framed vaccine manufacturing as both an economic growth driver and a moral imperative.
By investing in local production, Ghana can create jobs, safeguard future generations, and enhance regional health security.
“Together, we can build a resilient, innovative, and inclusive vaccine ecosystem that positions Ghana as a beacon of hope in Africa’s pharmaceutical landscape,” she concluded.
The Ghana Vaccine Manufacturing Investment Forum took place on 6th August 2025 at the Kempinski Hotel, Accra.
The event brought together key industry stakeholders, to discuss the crucial role of financing institutions and development partners in accelerating vaccine development in Ghana.
President John Dramani Mahama was Special Guest of Honour and led discussions on the government’s strategic direction for strengthening the country’s pharmaceutical and biotechnology sectors.
Business
Ghana Nears Approval of Cannabis Licences as Country Prepares to Launch Regulated Industry
Accra, Ghana – Ghana’s Narcotics Control Commission (NACOC) is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to begin operations soon, marking a significant milestone in the country’s efforts to develop a legal and regulated cannabis sector.
Deputy Director-General for Enforcement, Control, and Elimination, Alexander Twum-Barimah, disclosed this while speaking at the Kwahu Business Forum on Saturday.
He emphasised that the review process has been “thorough and deliberate” to ensure that only applicants who fully meet all legal, regulatory, and security requirements are granted licences. NACOC officials engaged with potential investors at the forum’s exhibition stand, providing details on various licence categories, including cultivation, processing, distribution, and export.
Mr Twum-Barimah stressed that the commission is committed to building a properly regulated industry that creates legitimate economic opportunities while maintaining strict controls to prevent misuse and illegal activities.
“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.
All licence holders will be subject to ongoing monitoring and compliance checks.
The development signals Ghana’s intention to harness the economic potential of cannabis through job creation, investment, and export revenue, while aligning with international best practices in regulation. Further updates on the licensing process are expected in the coming weeks.
Business
3 Things Ghana is Doing to Reduce Fuel Prices Amid Global Uncertainty
Accra, Ghana – As global oil prices continue to surge due to the ongoing Middle East conflict, the Ghanaian government has announced immediate and practical measures aimed at cushioning citizens from the impact of rising fuel costs.
Following an emergency Cabinet session chaired by President John Dramani Mahama, the government outlined three key interventions focused on direct price relief, affordable public transportation, and cutting unnecessary government expenditure on fuel.
Here are the 3 major steps Ghana is taking:
1. Suspension of Selected Taxes and Margins on Fuel
Ministers of Finance and Energy have been directed to suspend certain taxes and margins in the next fuel pricing window. This temporary reduction, which will last for four weeks (subject to review based on developments in the Middle East and global crude prices), is expected to ease the burden on consumers and transporters.
2. Massive Expansion of Affordable Metro Mass Transit Buses
The Minister for Transport has been tasked with fast-tracking the deployment of 100 newly acquired Metro Mass Transit buses onto high-traffic routes across the country. These state-owned buses will maintain significantly lower fares compared to private operators, offering citizens a cheaper and more reliable alternative for daily commuting.
3. Strict Enforcement of Ban on Fuel Allocations for Government Officials
All Ministers and senior government appointees have been reminded to strictly comply with President Mahama’s earlier directive cancelling fuel allocations and allowances. This move is aimed at reducing government expenditure on fuel and demonstrating leadership in belt-tightening during these challenging times.
These interventions form part of the government’s broader strategy to protect the economy and citizens from external shocks while hoping for de-escalation in the Middle East conflict.
Business
Upcoming Super El Niño Threatens to Worsen Global Food Crisis Amid Iran Conflict
Climate scientists and food security experts are warning that a powerful “super El Niño” expected later in 2026 could significantly intensify global food price pressures already heightened by the ongoing Middle East conflict involving Iran.
According to US meteorologists, there is roughly a one-in-three chance of a strong El Niño forming between October and December, while European models suggest an even higher probability of an exceptionally strong event.
A “super El Niño” occurs when sea surface temperatures in the eastern Pacific rise at least 2°C above normal. This phenomenon typically triggers extreme weather patterns, including severe droughts in key agricultural regions, which can sharply reduce crop yields for commodities such as cocoa, rice, sugar, food oils, coffee, bananas, and soy.
The timing is particularly concerning because the Iran conflict has already disrupted global fertilizer supplies and shipping routes through the Strait of Hormuz, driving up costs for fuel and agricultural inputs. Analysts say the combination of war-induced supply shocks and El Niño-driven weather extremes could create a “double squeeze” on food production and prices. The United Nations World Food Program has cautioned that prolonged conflict and elevated oil prices could push the number of acutely food-insecure people globally significantly higher.
Dawid Heyl of Ninety One noted that while the Russia-Ukraine war affected food markets, the current situation is more worrying due to its direct impact on fertilizer production and availability.
He warned that overlapping negative factors — geopolitical disruption and strong El Niño conditions — could prove especially damaging for vulnerable countries in Africa, India, Australia, Brazil, and Argentina.
Experts state that long-term resilience will require greater investment in climate adaptation, diversified supply chains, and international cooperation to protect global food security as geopolitical and climate risks increasingly intersect.
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