Finance Challenges of Manufacturing Companies in Ghana and Their Contributions to the Economic Growth of Ghana

Abstract

This study sought to outline some of the financial challenges of manufacturing companies in Ghana as well as their contributions as companies to the economic growth of Ghana. Moreover, it also aimed to analyze some of the effect of adequate financing on the growth of the manufacturing companies in Ghana and the diverse effects of financial challenges on the performance of manufacturing companies in Ghana. Again, the study intended to determine the relationship between the activities of the manufacturing companies in relation to economic growth and development in Ghana as well as to investigate some the factors affecting the availability of finance for the manufacturing sector in Ghana. Various literature and theories were reviewed so as to have ample knowledge background on the research topic. The study adopted the method of primary data (questionnaires) to elicit information from the respondents. The study considered a total of 400 population and a sample size of 200 respondents were selected for the purpose of the research work. The study made useful findings and recommendations.

Keywords: Finance, Manufacturing, Economic growth