Manufacturing

Manufacturing represents about 92 percent of establishments in Ghana’s industry sector. It is the anchor for industrial growth and the fourth largest sector of the Ghanaian economy. Having recorded a remarkable growth of 6.3 percent in 2019, manufacturing contributed GHC19,195 million to the nation’s Gross Domestic Product (GDP) representing 10.44% of GDP in 2019.

The sector remains one of the major sources of employment for the nations’ workforce accounting for 18.6% of total employment.

The development of Ghana’s industrial sector has been paramount in the national agenda since the inception of a new government in 2017. By leveraging on the manufacturing subsector, government aims at driving economic growth by stimulating local production and processing of the nation’s abundant resources.

The activities of the manufacturing sector are supervised by the Ministry of Trade and Industry whose primary mandate is to follow through with the implementation of policies for the sector. Other supporting regulatory agencies include the Department for Factories Inspectorate, Ghana Standards Authority and the National Board for Small Scale Industries (NBSSI).

Prior to the Covid-19 pandemic, the African Development Bank (AfDB) had predicted the sector to see an expansion of 5.9 percent in 2020 as governments policies ramp up production capacity. Although the projection may have changed, the manufacturing sector maintains a positive outlook with the implementation of the governments’ 10-point Industrial Agenda.

In implementing the agenda, a series of favorable reforms and fiscal policies are being introduced by government to attract investors into various aspects of the manufacturing subsector. Some of the areas open for investments under the industrial agenda include the automotive industry under the Automotive Development Policy; Agro-processing under the 1-District-1-Factory policy; Fabrication of steel and other metals under the Integrated Aluminum Industry project and many more.

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