The Custodian Newspaper Online
No Result
View All Result
Thursday, July 17, 2025
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
The Custodian Newspaper Online
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • World
  • eStore
No Result
View All Result
The Custodian Newspaper Online
No Result
View All Result
Home Featured

Ghana EximBank & Tobinco Team Up To Produce Medicines For COVID-19 Patients

by John Kekeli
May 4, 2020
in Featured, News
0
Ghana EximBank & Tobinco Team Up To Produce Medicines For COVID-19 Patients

From Left: Mr Nana Appiagyei Dankawoso, Board Member & Head of the Credit Committee-EXIM Bank Board; Mr. Kwadwo Boateng Gyenfi, Board Chairman-EXIM Bank; and Nana Amo Tobbin I, Executive Chairman, TOBINCO Group of Companies

152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Ghana EximBank is set to collaborate 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.

COVID-19 patients are said to recover quickly when treated with Hydroxychloroquine and azithromycin in many coronavirus-hit countries.

Unfortunately, these drugs are not produced on large scale locally. 

Again, the value of these drugs has shot up on the international market due to their potency in the treatment of COVID-19 patients.

Highly impressed with the utilization of previous grant/credit facility extended to the Tobinco group, the EximBank is ready to advance a $5 million facility to help produce essential drugs to tackle the pandemic in the country.

EximBank plays a major role as a partner of Ghanaian industries, especially Small and Medium Enterprises (SMEs), in their export efforts.

It offers products and services at all stages of the production and distribution cycle, including import of technology, export of products, developing exports, production, marketing, pre- and post-shipment.

During a recent inspection tour of Entrance Pharmaceuticals and Research Center, the biggest pharmaceutical company in the sub-region, members of the EximBank’s board credit sub-committee were amazed at the level of investment at the facility.

The team, which included the Board Chairman of EximBank observed that the company had huge additional space to do further extension.

The Bank’s tour of Entrance Pharmaceuticals at Spintex, was part of a routine exercise that the team undertakes to observe how well its clients or beneficiaries are faring.

EXIM Bank’s vision

In line with the president’s vision of industrializing   the economy and supporting local businesses, the EXIM Bank 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 Industry (AGOA compliance,) Film and Entertainment, Palm Oil Production, Agro Business including maize production, Youth in Green House Project and Cashew and Shea butter production on a large scale.

The objectives of these thematic areas are to generate employment; increase export to other West African countries, the drive for import substitution.

On pharmaceuticals, the aim is to support companies, which are into manufacturing, production and distribution of products within the sub-region.

Entrance Pharmaceuticals

Entrance Pharmaceuticals has been producing and exporting quality medicines to the sub region over the years through the Free zones regime.

Products like Lufart, Entramol among others have been accepted as quality and efficacious drugs, particularly in West Africa.

Following a careful evaluation of Entrance Pharmaceuticals and after being granted an initial facility, EximBank is convinced beyond reasonable doubt that once another support is extended to the group, the local economy will further be boosted through job creation.

Exports, according to the bank, will be enhanced while importation of drugs will be limited, thereby enhancing balance of payment.

Moreover, the 8% interest rate being offered to the Tobinco Group (Entrance Pharmaceuticals) on the grant facility will further reduce the prices of locally manufactured quality drugs, which the ordinary Ghanaian can easily afford. 

Tobinco Pharmaceuticals Limited has been a leader in the pharma industry for over three decades now, specializing in the marketing and distribution of antimalarials like Alaxin, Lonart among others across the country.

Within the period, Tobinco expanded its tentacles to include other nine businesses including Entrance Pharmaceutical and Research Center, which focuses on the local manufacturing of all kinds of quality drugs for local consumption as well as exportation to other African countries.

Popular drugs and medical supplies like Lufart, Entramol, Mucotin, Zinvit, Tobcee, Kofof, Omal hand sanitizers are currently being manufactured and exported by Entrance Pharmaceuticals, which has the largest manufacturing plant in West Africa.

Post Views: 554
  • Latest
  • Trending
E&P Azumah Minority

E&P and Azumah Resources dispute poses economic, legal and political risks – Minority

July 16, 2025
Dumsor levy

Dumsor levy commences amidst public outcry over rising hardship

July 16, 2025
Bawku war NDC

Burning of Bawku Naba’s statue ‘declaration of war’ – NDC executives

July 16, 2025
NDC executives Bawku

NDC executives decry ‘state-sponsored assault’ in Bawku

July 16, 2025
Newspapers Tuesday 24th June 2025

Newspaper Frontpages – Tuesday, 24th June, 2025

June 24, 2025
Newspaper Frontpages (Tuesday, 17th June, 2025)

Newspaper Frontpages (Tuesday, 17th June, 2025)

June 17, 2025
Newspaper Frontpages (Monday, 16th June, 2025)

Newspaper Frontpages (Monday, 16th June, 2025)

June 16, 2025
Newspaper Frontpages – Monday, 30th June, 2025

Newspaper Frontpages – Monday, 30th June, 2025

June 30, 2025

The CustodianGh Online’s vision is to become the most preferred go-to news brand in Ghana.

Contact Us

thecustodiangh@gmail.com

Popular Categories

  • News
  • Business
  • Politics
  • Sport
  • Arts & Showbiz
  • Tech

Archives

© 2025 The CustodianGh Online - All rights reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Showbiz
  • Health
  • Sport
  • eStore

© 2025 The CustodianGh Online - All rights reserved.