Cost of medicines to go down after removal of VAT on pharmaceutical products – Govt

The government earlier this week announced the removal of the Value Added Tax (VAT) on pharmaceutical ingredients in Ghana.

Similarly, the VAT on selected finished pharmaceutical products have also been removed.

This is to ensure that the cost of medicines in Ghana is reduced, the government said.

“Government removes VAT on active pharmaceutical ingredients, manufacturing inputs, and selected finished pharmaceutical products in a bid to reduce cost of medicines in Ghana,” the government said.

 

Source: 3news.com

About Elvis Anokye

Check Also

Hon. Elizabeth Ofosu-Adjare donates one month salary to support ‘Mahama Cares’ Medical Trust Fund

the Member of Parliament for Techiman North and Minister for Trade, Agribusiness, and Industry, Hon. …

Mortein Reinforces Commitment to Malaria Elimination on World Malaria Day 2025

    In commemoration of World Malaria Day 2025, Mortein, a leading mosquito spray brand …