The Cable

(Demerara Waves) Government is cutting ties with all privately-owned pharmaceutical bonds, even as it prepares to beef up its storage facilities- all aimed at slashing costs and more efficiently storing and distributing medical supplies to the public health sector, Minister of Public Health, Volda Lawrence said Wednesday night.

“As you know, we have had issues with private bonds. This year we are focusing on ensuring that we can be able to stock our own medications, cut back cost and invest in the sector of itself,” she told reporters.

Lawrence made known government’s position one day after the Georgetown Public Hospital Corporation (GPHC) began moving out its stocks from the New Guyana Pharmaceutical Corporation (NGPC) bond at Industrial Site, Ruimveldt.

The NGPC bond was being rented at GYD$9 million per month. Similarly, she said the Larry Singh-owned bond at 29 Sussex Street, Albouystown, which is being rented by government for GYD$25 million monthly, would soon be vacated.

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