Intravenous Infusions PLC, a Ghanaian pharmaceutical company, has secured a medium-term loan facility of US$3.2 million from Ecobank Ghana Ltd under the government’s stimulus package to build a new factory.
A new plant and machinery have already been procured and delivered to the factory awaiting installation.
This was after the company had received approval from the Food and Drugs Authority (FDA) to build the new factory to enhance its production capacity.
Speaking at the ‘facts behind the figures’ series by the Ghana Stock Exchange, the Managing Director of the company, Mr Moukhtar Soalihu, said the board and management were currently sorting out some technical and financial details to make way for the installations at the new factory.
He stated that the future of the company was bright and positive despite the effects of COVID-19.
He noted that policies aimed at maximising revenue and profits to shareholders were vigorously being&