Hot!
Stop using our brand to market substandard drugs …COA President warns
Prof Samuel Ato Duncan
The President General of COA Research and Manufacturing Company, producers of COA Mixture, Prof Samuel Ato Duncan has warned alternative drug producers to desist from using the COA brand to market their medicines.
Addressing the press on Tuesday, Prof. Duncan said there had been a worrying trend where some herbal medicine producers deceive the public by associating their product to the COA brand.
The development, he said, was an affront to the practice and threatened to seek legal action if they do not stop.
He added that, “the COA formula is unique and confidential. I am the only one with the formula and even my wife and children do not have; so there is nothing on the market like COA.”
“Those imitating the drug and presenting it as the same as COA are warned. We have consulted the Food and Drugs Authority (FDA) and if it continues, the laws would catch up with them,” he added.
The company, he said, was committed to the wellbeing of Ghanaians and also complement government’s efforts of providing quality healthcare to citizens.
“The wellbeing of humanity is our priority, hence we try to give the best to the public and do not want any unwanted attention,” he stressed.
Since 2006, he mentioned that the company has not changed the prices of any of its three products currently on the market, the COA Mixture, COA Plus Mixture and COA MT.
“We have carefully and scientifically produced the mixtures with millions of dollars invested since we are interested in producing to meet international standard,” he added.
He said, the company was committed to price stability while prioritising the health of Ghanaians across the country.
COA Mixture, he reiterated, was mainly a supplement and immune booster which support the general well-being of people and does not cure diseases like, cancers, kidney diseases and HIV/AIDS as sometimes misconstrued.
“COA mixtures are not registered for cures. Their purpose is your well-being and not replace traditional medical treatment for serious illness,” he explained.
“Plant-based medicine is the future of healthcare and we are committed to making Ghana a global hub for alternative natural medicine,” he stated.
On her part, the First Deputy Chief Executive Officer (CEO) of COA, Princess Duncan also advised the public to be wary of substandard drugs paraded to be similar to COA.
“We have built our company with integrity and have a strong reputation when it comes to trust. We assure customers that we are working to address the issues and guarantee their safety,” she added.
By Michael D. Abayateye
Hot!
GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
Hot!
Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
