Manufacturing

M. M. Huq
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M. M. Huq: University of Strathclyde

Chapter 6 in The Economy of Ghana, 1989, pp 119-151 from Palgrave Macmillan

Abstract: Abstract At current prices, the manufacturing sector accounted for 9.7 per cent of GDP in 1965; the share increased to 12.6 per cent in 1968 and after some decline during the early 1970s it went up to 13.9 per cent of GDP in 1975, the highest recorded at current prices. But since then the share of manufacturing in GDP has been falling consistently and it was only 3.5 and 3.8 per cent in 1982 and 1983 respectively. Within the manufacturing sector, according to the Five Year Development Plan (1875/76–1979/80): Large-scale manufacturing industries have played a major role in the growth of the industrial sector. Their contribution to Gross Domestic Product has generally been slightly more than thrice that of medium- and small-scale industries. In other words, large-scale manufacturing industries have provided more than 75 per cent of the sector’s contribution to Gross Domestic Product.1

Keywords: Foreign Exchange; Manufacturing Sector; Capacity Utilisation; Import Substitution; Ashanti Region (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19749-1_7

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DOI: 10.1007/978-1-349-19749-1_7

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