Ghana plans the production of vaccines early 2022. President Nana Akufo-Addo said his government had made a budget of 20 million euro for the establishment of a National Vaccine Institute to produce Covid-19 vaccines and other vaccines.
This comes as the European Investment Bank (EIB) and the European Commission – Team Europe -extend to Ghana the sum of 82.5 Euro support for the country’s effort in fighting the Covid-19 virus. The amount comprises a EUR 75 million investment loan from the EIB, and a EUR 7.5 million European Commission grant.
The new loan, representing the EIB’s largest support for COVID related health investment in sub-Saharan Africa, was signed by Hon Kwaku Ampratwum-Sarpong, Deputy Minister for Foreign Affairs and Regional Integration, and Ambroise Fayolle, European Investment Bank Vice President, in the presence of President Nana Akufo-Addo, EIB President Werner Hoyer and Harriet Siaw-Boateng, Ambassador of Ghana to the European Union.
“Strengthened cooperation between Africa and multilateral development partners is crucial to share global best practice and ensure a rapid response to health, social and economic challenges triggered by the COVID-19 pandemic. The European Investment Bank and the European Union are key partners for Ghana and I welcome their support for our national COVID-19 Health Response Plan. Ghanaian and EIB experts have worked tirelessly in recent months to finalise this initiative, since President Hoyer and I met earlier this year. Specialist healthcare and medical services will benefit from both the EIB’s largest backing for COVID health resilience in Africa and EU grant support.” said President Nana Akufo-Addo at the signing ceremony.
Back home, President Akufo-Addo told his compatriots:
”Two days ago, on Monday, I was in Luxembourg, where I held discussions with the President of the European Investment Bank, Herr Werner Hoyer, on Ghana’s COVID-19 Response Plan”.
”An €82.5 million facility has been approved for Ghana by the Bank for use in the effort to strengthen healthcare delivery, and the provision of Specialist Medical Equipment and medicines across the country. Government has set aside €20 million of this to establish the National Vaccine Institute, which will supervise the domestic production of COVID-19 and other vaccines, led by the Private Sector and Business Community”.