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Export Drivers And Barriers: Evidence From Ghanaian Pharmaceutical Manufacturing Firms

Author

Listed:
  • Samuel Yaw Akomea
  • Olav Jull Sørensen
  • Kweku Amponsah-Efah

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.

Suggested Citation

  • Samuel Yaw Akomea & Olav Jull Sørensen & Kweku Amponsah-Efah, 2014. "Export Drivers And Barriers: Evidence From Ghanaian Pharmaceutical Manufacturing Firms," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(2), pages 81-96.
    • Handle: RePEc:ibf:gjbres:v:8:y:2014:i:2:p:81-96
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Export Barriers; Pharmaceutical; Export Destination; Competition; Certification;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F01 - International Economics - - General - - - Global Outlook
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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