Phyto-Riker (GIHOC) Pharmaceuticals Ltd was established in 1998 when the state-owned Ghana Industrial Holding Corporation (GIHOC) Pharmaceuticals Ltd was acquired by Phyto-Riker Pharmaceuticals Inc. Through a competitive privatization process. GIHOC Pharmaceuticals Ltd, formerly the State Pharmaceutical Corporation was established in 1962. The factory situated at Dome near Achimota on the Accra Nsawam road was completed in 1967.