Abstract:
The manufacturing sector continues to play a pivotal role in the developmental agenda of the country. It constitutes a chunk of the informal sector and therefore becomes a formidable force to reckon with in the economic outlook of the country. The Association of Ghana Industries (AGI) continues to complain about finance being the main challenge to the growth of the sector. Some interventions have been made by the central government by soliciting concessionary rated funds to help the sector yet the AGI believes if the local banks were a bit more flexible with their lending conditionality’s the fortunes of the sector will be greatly enhanced.
The study therefore attempted to investigate the impact of bank credits on the operations of the manufacturing sector with Fan Milk Limited as the study area. In gathering data for the study the questionnaire technique was adopted and purposive sampling method enabled the researcher to directly approach officials within the functional departments of the company to solicit the requisite information.
Description:
Over the years, many economies of the world over were using the socialist concept to provide for the necessary social activities and to facilitate the growth of their economies.
Ghana was no exception and we saw under the Osagyefo Dr. Nkrumah regime.
The trend has now changed, and the private sector has being seen to be the engine of growth.
The private sector led administration allows the private companies to provide employment and create jobs. The private sector is beset with numerous problems, one of which is funding.
