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Unleashing Ghana's Manufacturing Might: A Comprehensive Analysis of Performance, Competitiveness, and Policy Pathways

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  • Asuamah Yeboah, Samuel

Abstract

This review provides a comprehensive analysis of the performance and competitiveness of Ghana's manufacturing sector. It synthesizes relevant literature from academic databases, research papers, reports, and policy documents to examine the sector's contribution to GDP, employment generation, export performance, and factors influencing competitiveness. The findings highlight the challenges faced by the sector, including stagnant GDP contribution, limited job quality, mixed export performance, and factors such as inadequate access to finance, high energy costs, poor infrastructure, limited technological innovation, and skills gaps. Evidence-based policy recommendations are provided to enhance the sector's growth and competitiveness, including infrastructure development, access to finance, technological innovation, skills development, and regulatory reforms. The review also identifies gaps in the literature and suggests future research directions to further understand and address the dynamics of Ghana's manufacturing sector.

Suggested Citation

  • Asuamah Yeboah, Samuel, 2023. "Unleashing Ghana's Manufacturing Might: A Comprehensive Analysis of Performance, Competitiveness, and Policy Pathways," MPRA Paper 117982, University Library of Munich, Germany, revised 13 Jun 2023.
    • Handle: RePEc:pra:mprapa:117982
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    References listed on IDEAS

    as
    1. Khalid Eltayeb Elfaki & Rossanto Dwi Handoyo & Kabiru Hannafi Ibrahim, 2021. "The Impact of Industrialization, Trade Openness, Financial Development, and Energy Consumption on Economic Growth in Indonesia," Economies, MDPI, vol. 9(4), pages 1-13, November.
    2. Eunice Jonathan Lugina & Adam Beni Swebe Mwakalobo & Francis Lwesya, 2022. "Effects of industrialization on Tanzania’s economic growth: a case of manufacturing sector," Future Business Journal, Springer, vol. 8(1), pages 1-11, December.
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    More about this item

    Keywords

    manufacturing sector; Ghana; performance; competitiveness; GDP contribution; employment generation; export performance; factors affecting competitiveness; policy recommendations;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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