24.6 C
Accra
Friday, July 31, 2026
HomeLifestyleHealthSuppliers dictate prices amidst scarcity; it’s basic O-level economics – Health Minister...

Suppliers dictate prices amidst scarcity; it’s basic O-level economics – Health Minister on vaccines

Date:

The Minister of Health, Kwaku Agyeman-Manu, has hit hard at critics of the government’s decision to procure Russia’s Sputnik-V vaccines to augment Ghana’s COVID-19 inoculation exercise.

Government’s decision to purchase 3.4 million doses of the Sputnik-V vaccine through two businessmen who are selling it to Ghana at $19 per dose instead of the $10 per dose on the international market has caused a public uproar.

The Minority in Parliament has since called for the abrogation of the contract, while others have called for the dismissal of the Minister on grounds that he wasn’t prudent enough with the handling of the procurement.

But the Minister at the launch of the Pest and Vector Control Association of Ghana in Accra, insisted that the government did no wrong by signing the deal.

He said the government had no choice but to procure the vaccines, given its scarcity at the time.

“Basic economics will tell you that in terms of scarcity the market is the suppliers’ market. He or she dictates the price, not the buyer. I am surprised… we all learnt these things at O-level so why should I be a subject of ridicule”? He asked.

The Minister was speaking on the deal for the first time.

Minority demands abrogation 

The Minority in Parliament has already demanded the immediate termination of the contract.

Ranking Member on the Health Committee, Kwabena Mintah Akandoh said, revelations about the government procuring the vaccines at an expensive price smacks of financial impropriety and cost inflation.

“The minority in Parliament will urge the government to reconsider both terms of this contract with particular emphasis on price and work assiduously through proper diplomatic and approved channels to secure COVID-19 vaccines for Ghanaians.

“This contract is unconstitutional, null, and void and the government should abrogate and refrain from making any payment with respect to this contract before laying the entirety of the contract before Parliament for scrutiny and subsequent approval.”

- Sponsored -spot_imgspot_img

Disclaimer: The views, opinions, comments, and statements expressed by readers and contributors on this platform are solely their own and do not necessarily reflect those of Imax Media Group or its affiliates.

Send your news stories to editor@max.com.gh and via WhatsApp on +233 506-367-196
Join our WhatsApp channel for the latest news and updates.

Max TV
Max TVhttps://max.com.gh
Ghana’s Leading Digital Television And Terrestrial Box In Sports, Entertainment And More.
- Sponsored -scratch for win

Stay Connected

562,687FansLike
2,463FollowersFollow
583,200FollowersFollow
51,019FollowersFollow
95,943SubscribersSubscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Stories

Infantino’s senior advisor resigns

Carlos Cordeiro, a senior advisor to FIFA president Gianni...

Ancelotti confirms the end of Danilo and Casemiro

Carlo Ancelotti has confirmed that the last World Cup...

Nigerian sprinter blames 100m hurdle failure on injury

Nigerian athlete Tobi Amusan has blamed injury for her...

2026 WAFCON: We know what to do to stay— Dr Ellis

Banyana Banyana Head Coach Dr Desiree Ellis says the...

2026 WAFCON: Morocco beat Algeria in fierce derby

Tournament hosts Morocco have all but booked their place...

Carlos Espi joins Real Madrid

Real Madrid have signed young Spaniard Carlos Espi, who...

Italian football legend dies aged 66

Franco Baresi has died at the age of 66,...

Karim Zito reveals AshantiGold ’04 season target

FC AshantiGold '04 have disclosed their primary objective as...

Matthias Jaissle favoured to become Newcastle manager

Matthias Jaissle is the surprise favourite to take over...

WAEC releases 2026 BECE provisional results

Junior High School graduates are encouraged to check their...
Max TV