Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97115
Authors: 
Ackah, Charles
Adjasi, Charles
Turkson, Festus
Year of Publication: 
2014
Series/Report no.: 
WIDER Working Paper 2014/075
Abstract: 
This paper chronicles the evolution of industry in Ghana over the post-independence era from an inward over-protected import substitution industrialization strategy of 1960-83 to an outward liberalized strategy during 1984-2000, and since 2001, to the private sector-led accelerated industrial development strategy based on value-added processing of Ghana's natural resource endowments. Over the last couple of years, industry in Ghana, dominated since independence by the manufacturing subsector, is gradually being overtaken by mining and quarrying subsector due to the discovery and subsequent production of oil and gas. Industry is mainly dominated by micro and small firms, privately-owned and mainly located within urban areas in the form of industrial clusters. Patterns of labour productivity and wages within Ghana's industrial sector indicate the food processing subsector, foreign-owned and older firms as the most productive. Currently under a medium-term agenda, the industrial sector is expected to play a pivotal role through enhanced growth in the construction sector; infrastructure development in the oil sector, energy and water subsectors and an increase in output from the mining sector, especially in salt production. The emerging policy issues relate to the key developmental objectives of the current industrial policy including how to empower the private sector especially SMEs to expand productive employment and technological capacity within a highly competitive manufacturing sector; how to promote agro-based industrial development to ensure value-addition to manufactures and Ghana's exports; and how to promote the spatial distribution of industries away from the current over-concentration of industries within urban areas.
Subjects: 
industry
industrialization
industrial policy
manufacturing
developing countries
Ghana
JEL: 
L00
L6
L5
O5
O14
O55
Document Type: 
Working Paper

Files in This Item:
File
Size
827.96 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.