The European Commission has named Ghana as one of its possible manufacturing hubs of COVID-19 vaccines in Africa.

This, according to the Commission follows the initiatives already taken by president Akufo-Addo and his government towards the domestic manufacturing of vaccines.

The European Union (EU) recently announced in Rome that it intends to invest 1 billion euros (about US$1.2 billion) to build COVID-19 vaccine manufacturing hubs in Africa.

Ursula von der Leyen, the president of the European Commission, said it will also donate at least 100 million doses of coronavirus vaccines to low- and middle-income countries by the end of the year.

At a meeting with the Vice President of the European Commission, Valdis Dombrovskis, the European Commission announced the selection of Ghana as a possible manufacturing hub for COVID-19 vaccines in Africa.

According to the statement signed by Eugene Arhin, Acting Director of Communications at the Office of the President, taskforce teams from the EU and Ghana will meet shortly to discuss modalities towards the realization of this initiative, which, in principle, could be supported by the European Investment Bank (EIB).

President Akufo-Addo has also secured one hundred and seventy million ell rOS (E170 million) from EIB for the establishment of the Development Bank, Ghana. The new national bank will assist in the revitalisation of the economy, as well as see to the rapid recovery of the country from the ravages of COVID-19.