The Narcotics Control Commission (NACOC) says it is close to completing the review of applications for cannabis licences, raising expectations among prospective investors that approvals could soon be granted for operations to begin.

Speaking at the Kwahu Business Forum, the Deputy Director-General in charge of Enforcement, Control and Elimination, Alexander Twum-Barimah, explained that the process has been handled with great caution to ensure only qualified applicants are selected.

According to him, the Commission is taking its time to thoroughly assess each application against the legal, regulatory, and security requirements guiding Ghana’s cannabis industry.

“We are carefully reviewing all applications submitted under the various license categories. Those who fully satisfy the criteria will soon be issued their licenses to begin operations,” he said.

For many stakeholders, the announcement signals a major step forward in opening up opportunities within Ghana’s emerging cannabis sector, particularly for industrial and medicinal use.

At the forum, Twum-Barimah interacted with investors and industry players who are eager to explore the industry. At the same time, officials from NACOC’s Cannabis Regulation Department provided clarity on the different licence categories and what is required to qualify.

The engagement also served as an opportunity to demystify the process and build confidence in the system.

Officials outlined key requirements across the value chain from cultivation and processing to distribution and export, emphasising that strict adherence to regulations will be non-negotiable.

Participants welcomed the Commission’s approach, noting that transparency and ongoing dialogue are critical to attracting responsible investment.

Some investors expressed optimism about the sector’s potential to create jobs and contribute to economic growth if managed properly.

Despite the growing interest, Twum-Barimah stressed that safeguards will remain firmly in place to prevent abuse and illegal activities.

“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.

He further noted that companies that secure licences will be subject to continuous monitoring and compliance checks to ensure they operate within the law.

NACOC has assured stakeholders that it will provide further updates as it works towards building a transparent, well-regulated, and credible cannabis industry.

NA/VPO

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