The implementation of the 2011 industrial policy via the industrial sector support program issp, 20112015 was affected by the longstanding public sector resource crunch, the high cost of credit and limited access to startup financing, and land and energy challenges. Ghana s government launched the one district one factory 1d1f policy in 2017 to spur industrial development, but many of the countrys banks are not ready to deliver the dream of a modern industrialised economy. Ghana industrial policy, performance and recovery english abstract. The republic of ghana ghana trade policy foreword the trade sector support programme tssp is the implementation plan for the. Ghana industrial policy ministry of trade and industry. It will also provide a broader range of fairpriced, better quality products for the domestic and international markets.
Ghana undertook reforms to correct the critical distortions that contributed to the stagnation and decline of the economy in the 1970s and early 1980s. Owoo and others published industrial policy in ghana find, read and cite all the research you need on. Pdf a critical look at the ghanaian one district one. The quality of labor may pose a serious constraint on the growth of income. The new program proposals seek to tackle many of these issues. Ministry of trade and industry ministry of finance ghana. The reforms included trade and industrial policy measures that aimed to increase the dynamism and efficiency of the industrial sector. Commitment in asian economies, ranging from japan to vietnam, senior members of the political and government elite were publicly committed to and held accountable for industrial development outcomes. Tertiary education and industrial development in ghana. He contextualizes industrial policy in a transformation process as an inner wheel activity which depend on and is informed by the outer. The industrial policy and industrial sector support programme was officially launched in ghana in june 2011. Ghana national climate change policy 20 vi at the international level, ghana has demonstrated its commitment to contributing to finding global solutions to the myriad of problems relate to climate change through our strategic efforts towards multilateralism, regional cooperation and partnerships. While ghana does not currently implement an overall industrial policy, the government does.
Pdf on apr 30, 2019, frank eshun john and others published a critical look at the ghanaian one district one factory industrial policy in relation to climate change find, read and cite all the. Industrial policy in ghana request pdf researchgate. The ghana industrial policy gip was developed to provide clear and transparent guidelines for the implementation of the governments industrial development. Scoping study on the evolution of industry in ghana brookings. Government of ghana spellsout industrial policy laws. Ghana launches industrial policy ghana business news. For example, in burkina faso, ghana, peru, senegal and china green industry assessments have been conducted or are under way. However, as a result of incessant exploitation of these natural resources to meet. Government has speltout an industrial policy, which is within the context of ghana s longterm strategic vision of achieving middle income status by 2020. The potential of manufacturing and industrialization in africa. Wider working paper 20179 the agroprocessing industry. Ghana s industrial policy is designed to promote increased competitiveness and enhanced industrial production, with increased employment and prosperity for all ghanaians.
How to finance the industrial revolution the africa. The industrial sector accounts for 6 per cent of economic activity, while in 2011, the manufacturing sector contributed only. An assessment of natural gas price formation in ghana. The ghana shared growth development agenda ii gsgda ii contains six 6 policy. Trade and industry minister, ms hanna tetteh on wednesday launched ghana s industrial policy with a call on stakeholders to partner government for smooth implementation to enhance its success. Ghana industrial policy, performance and recovery english. While policy solutions are likely to differ across countries, manufacturing and industrial development will be central to africas ability to meet its development goals. Trends within subsaharan africa table 2 reveals marked divergencies in industrial. Patterns of labour productivity and wages within ghanas industrial sector indicate the. A civil society guide to understanding and monitoring industrial. Ghanas industrial development postindependence has evolved from an isi strategy to the current private sectorled industrialization programme.
Tertiary education and industrial development in ghana simon bawakyillenuo, isaac oseiakoto, clement ahiadeke, ellen borteidoku aryeetey and edem kweku agbe policy brief 33012 august 20. Ghana fisheries act 625 of 2002 part i section 1 there is established by this act a fisheries commission section 2 1 the object of the commission is to regulate and manage the. Africa needs an active industrial policy to sustain its. The policy seeks to create awareness amongst ghanaians to patronize locally produced goods and services. There is a mismatch between the skills possessed by graduates and those needed by. Owoo and others published industrial policy in ghana find, read and cite all the research you need on researchgate.
The emerging policy issues relate to the key developmental objectives of the current industrial policy including. Downloads national policy documents ghana national chamber. By documenting ghana s recent experience, this report seeks to provide a relevant reference point on the industrial policy design process using ghana, a country with extensive experience in industrial policy, as an example. The emerging policy issues from ghana s current industrial policy include how to empower smes to expand productive employment and technological capacity within a highly competitive manufacturing sector. Government has speltout an industrial policy, which is within the context of ghana s longterm strategic vision of achieving middle income status by. Wider working paper 20179 the agroprocessing industry and. Objectives that are relevant to the ministry of trade and industry. The structure of the nigerian economy is typical of an underdeveloped country.
Part five uses the example of ghanas industrial policy as a test case to illustrate how civil. Actual implementation of the industrial policy will be effected through an industrial sector support programme issp, which comprises detailed implementation plans with a corresponding budget and logical framework, specifying the activities to be undertaken, the expected chain of. The ministry expanded the coverage of its online marketing platform. Policy brief an assessment of natural gas price formation in ghana.
Ghana s current mediumterm national development policy framework, the ghana shared growth and development agenda gsgda, seeks to achieve and maintain macroeconomic stability, underpinned by a monetary policy framework that targets low inflation, in order to. Ghanas industrial policy is designed to promote increased competitiveness and enhanced industrial production, with increased employment and prosperity for all. It represents a critical component of ghana s strategic effort to alter the industrial structure by developing a competitive manufacturing sector, she said. E the itc competitiveness grid, used in this report, shows that enterprise performance depends not only on firm competitiveness but also on external factors linked to the immediate business environment and. Wade 2015 defines industrial policy as targeted efforts to change the production structure of an economy in order to accelerate economic development. Wider working paper 20179 the agroprocessing industry and its potential for structural transformation of the ghanaian economy nkechi s. Ghana industrial policy the formulation of this industrial policy has been accomplished through a comprehensive and inclusive process based on analysis and wide consultation with stakeholders in ghana, in order to ensure that it is a broadbased policy embraced by all stakeholders. Manufacturing has been an important sector in ghana in the past, and has the potential to contribute efficiently to future economic development if the central problems of resource availability and policy environment can be overcome. Promotion of madein ghana goods and services cabinet approved the madein ghana mig policy in march, 2016. Jun 02, 2011 generally, the policy is aimed at ensuring that our industrialists are able to offer high quality and competitive products to enable them gain access to the global market. Ghanaian industrial policy failed because some academic scribbler actually sir arthur lewis, see lewis, 1953, persuaded the government of kwame nkrumah to adopt an industrial policy which was not the right one given ghana s circumstances. Policy brief 52017 the practice of industrial policy. Scoping study on the evolution of industry in ghana. Ghana has lost some of its best brains that could have transform our economy to the world as a result of low motivation and better returns in the diaspora.
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