Today: November 27, 2015, 8:04 pm

Ghana pharmaceuticals market marked the 10th anniversary of the country's national health insurance scheme in 2013
Ghana Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on 2014-03-17 05:44:02
Late 2013 saw Ghana mark the 10th anniversary of the creation of its national health insurance scheme (NHIS). While there are considerable variations in the claims made as to the number of people covered by the scheme (with government and non-government figures at either ends of the scale), there is no doubt that the scheme has had a degree of success. Not-for-profit Oxfam estimated in late 2013 that around 36% of the population has healthcare cover, thanks to the NHIS, but out of pocket payments for the rest (and invariably, poorer) segment of the population remain commonplace. Ghana is well placed in the continent to act as a regional drug production point, but in order to strengthen its reputation, it must first crack down on counterfeit and substandard drugs. A batch of allegedly substandard anti-malarial drugs from Indian manufacturer Bliss GVS Pharma is a particularly prominent recent example of this. Ghana´s pharmaceutical and healthcare market has strong growth prospects, and over the course of our 10-year forecast period, we expect that non-communicable disease will place an increasing burden on the healthcare system.

Pharmaceuticals: GHC568mn (US$316mn) in 2012 to GHC708mn (US$346mn) in 2013; +21.0% in local currency terms and +9.3% in US dollar terms. Forecast upwardly revised from Q413.

Healthcare: GHC3.32bn (US$1.79bn) in 2012 to GHC3.77bn (US$1.84bn) in 2013; +13.6% in local currency terms and +2.7% in US dollar terms. Forecast braodly similar to Q413.

Risk/Reward Ratings: Ghana´s Pharmaceutical Risk/Reward Rating (RRR) score for Q114 is 38.0, making it the 20th most attractive market in the Middle East and African region.

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