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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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FDA outlines measures to help local cosmetics manufacturers to register their products

byEllen Dapaah
September 4, 2020
in Business, Top Stories
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The Food and Drugs Authority (FDA) has urged local manufacturers of cosmetics and household chemical substances to register with the Authority.

The Authority has over the years had challenges with product registration due to financial challenges that start-ups face, and the inherent difficulties in meeting regulatory requirements prior to market authorization.

As part of efforts to tackle this problem, the Authority has put in place some measures to make it easier for Small and Medium Scale enterprises to legalize their business and products.

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The Head of the Cosmetics and Household Chemicals Department of the Authority, Emmanuel Nkrumah, in an interview with Citi Business News stated that, “We would have to get more locally manufactured products on our markets to the best of our ability. How do we do that? We’ve reviewed our forms. During the stakeholder interaction and engagement, we got feedback from our stakeholders that the forms are too complicated. What can be done? If that is what the stakeholders are saying, then it’s something to have a second look at. So we’ve reviewed our forms to become simpler than it used to be.”

“…And we also have a different approach with regards to how we meet and engage our clients. Now we have a very efficient and reliable client service that is monitored on a daily basis. And we also gave a very good fee schedule. Now the fee for locally manufactured products is in categories. We have the small, medium and large scale. The fee for small scale businesses is GH¢300 per product. And in some instances, we even group them and put one or two products together and charge GH¢300, which is about GH¢100 per year. That comes to about GH¢8.30 a month, which amounts to nothing.”

The Food and Drug Authority is mandated by the Public Health Act, 2012 (Act 851) to regulate food, drugs, food supplements, herbal and homeopathic medicines, veterinary medicines, cosmetics, medical devices, household chemical substances, tobacco and tobacco products as well as clinical trials.

In an earlier statement, it said that it had “recognized the financial challenges associated with start-up business projects and the inherent difficulties in meeting regulatory requirements prior to market authorization”.

It has thus “outlined a number of measures to address the various industry growth-enabling provisions available to small and medium scale enterprises in Ghana”.

According to them, these new measures are in support of various government initiatives like the One District, One Factory (1D1F), and other small-scale industries.

 

 

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