EXPORT DRIVERS AND BARRIERS: EVIDENCE FROM GHANAIAN PHARMACEUTICAL MANUFACTURING FIRMS

Samuel Yaw Akomea, Olav Jull Sørensen and Kweku Amponsah-Efah

Global Journal of Business Research, 2014, vol. 8, issue 2, 81-96

Abstract: The study is an exploratory study on the state of exports within the Ghanaian pharmaceutical manufacturing industry. Data was obtained from interviews of key managers involved in strategy formulation of 5 exporting pharmaceutical manufacturing companies in Ghana. The study revealed that out of 41 pharmaceutical manufacturing companies in Ghana, only 10 exported their products. Each respondent company indicated exporting less than 20% of total production output mainly to other West African countries. The most important reasons for exporting were to expand markets for their products to fulfil their vision of becoming global, to obtain foreign exchange and to achieve economies of scale. Major barriers faced were multiple product registrations across the West African Region. The companies hoped for more incentives from the Ghana government in the form of tax breaks and lower utility costs to allow expansion of export activities.

Keywords: Export Barriers; Pharmaceutical; Export Destination; Competition; Certification (search for similar items in EconPapers)
JEL-codes: F01 F14 F18 K23 L65 M16 M31 (search for similar items in EconPapers)
Date: 2014
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