Ghana - Current economic position and prospects (Vol. 6 of 10)

RESTRICTED 5[ a5 wn rAW18 Vol. 6 inis report was prepared for use within the Bank and its affiiiated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be publisheci nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECO:NSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE: CURRENT ECONOMIC POSITION A ?iTTT Ot fnC!1nrLtc Q X.L IN v X L%'.J JJ L .iA%. 1 vI. OF GHANA (in ten volumes) VOLUME: VI INDUSTRY October Z6, 1970 Western Africa Department  CURRENCY EQUIVALENTS 1 New Cedi = US$0.98 1 dollar = N$1.02  THE MISSION Tnis annex is based on the findings ot a mission in April and May 1970 to Ghana composed of: Mr. Barend A. de Vries Chief of Mission Mr. Fateh Chaudhri General Economist Mr. Thomas Klein Balance of Payments & External Debt Miss Katharine Mortimer Population, Employment & Education Mr. M. Taher Dajani* Fiscal Mr. Ved Gandhi Fiscal Mr. Nake Kamrany Social Sector Mr. Jivat Thadani Industry Mr. Alfredo Soto Transport Mr. Hans Sc-hulte Transport Mr. Charles Metcalfe Agriculture Mr. Bruce Johnston** Agriculture Mr. Merril:L Bateman** CDcoa Mr. Herman Nissenbaum Proiect List Mr. John Weston Electric Power Mr. Edward Minnie Electric Power Mr. S. Ransrachar Research Mis Beverl 'ey Baxter * Seconnied bhv the Tnternational Monetary Fund ** Consu:Ltants This vollimo hna bon prannrea 1- Mr. T4-t Th-Adr4  TABLE OF CONTENTS VOLUME VT INDUSTRY Page io. I. INTRODUCTION 1 II. ROLE OF IMPORTS 2 III. PUBLIC SECTOR INDUSTRIES 4 IV. PRIVAT'E SECTOR N(INJJSTRIES 9 V. DEVELOPMENT INSTITUTIONS 11 VI. SCOPE FOR DEVELOPMENT VII. MINING 16  VOLUtiE VI INDUSTRY T. Tn.trniiiinvi anr 1. The growth of manufacturing iadustries in Ghana should be con- sidered in the perspective of the past decade. During the years 1960- 1965, the Go'vernment of G-hana (GOG) .rade a ve.,o consciou-effort toAdevelop manufacturing industries in the country; this was an integral part of its policy for ,,.odernization. In the absence of sufficient enepreneurial talent in the private sector, and also because of a conscious policy for pub"lic own.ership of ir4n of poducion rnr establ`shed a nu-r-er of: fac= .LSL .JWLe L.LLJ4 JA. 1V XLL 0-IL %J1. pL J.UU A. L. L UIAL, ~'-J %J L. LPAJ. IUiJJ J ..L Al uLL . J tories under its own direct control. It is difficult to assess the true valu o._r ~L -3 1 4 : 4_J f-._ VL L U LJL Lile investments rkLaUe, [ Deaus 'iLL CLst- S d.