Business:Maltese company invests pharmaceutical lab

Last updated on September 11th, 2021 at 03:00 pm

A Maltese company has invested in a pharmaceutical laboratory in Ghana that will be able to produce medicines in line with European standards.

Chief Executive Officer of Evolve, Chris Busuttil was part of the latest Maltese trade mission to visit the West African country. The delegation was led by Economy Minister Silvio Schembri.

“Ghana was a natural choice for us since the country is going through an industrialisation process,” Busuttil said. He has visited the country seven times, having first travelled there as part of the first trade mission three years ago.

AquaBiotech Group a Maltese based company signed two other memorandums of understanding with Ghanaian counterparts for business development in aquaculture and fisheries.

Schembri also discussed the possibility of an education and entrepreneurship programme for irregular Ghanaian migrants in Malta, whereby, after following this programme, these people would return to Ghana lawfully and be in a better position to start new economic activity in their homeland.

This would give Ghana nationals a new opportunity for a better future and, at the same, help the country to generate more economic activity through new business start-ups and trade.

Malta and Ghana also discussed the enhancing of connectivity internationally to Ghana via a new route operated directly from Malta by Air Malta.

Schembri said that this initiative is key to boosting trade between Ghana and the rest of the European Union. However, this requires significant investment which entails cooperation from both countries.