ASEA SEC 03


ASSESSING THE STRENGTH AND WEAKNESS OF THE GHANAIAN CONSTRUCTION INDUSTRY

BERNARD MARTIN ARTHUR-AIDOO, NAZEEM ANSARY, CLINTON AIGBAVBOA


Abstract

Ghana as a developing nation located in the sub-Saharan Africa is characterised by its favourable political atmosphere and stable economy to do business. The country needs infrastructure development in order to satisfy both the economic and social development requirements of its economy. The construction industry, however, is a vital sector of the economy that addresses the socio-economic development needs of every country. This paper, therefore, seeks to assess the strength and weakness of the industry. The study as solely qualitative supported by an extensive review of literature via a desk-top study was embarked which captured the use of existing journal publications, government white papers, and gazette among others. The study revealed that the construction industry in Ghana is an important sector which creates employment which tends to reduce poverty to a larger extent. Also, the collaboration of the construction industry with other sectors do as well increases the gross domestic product of the economy and brings about entire growth in the economy. Similarly, the study revealed that the industry is posed with constraints which are categorised as weakness. These include access to credit facilities, a long span of control, employee management and corruption among others. The study, therefore, recommends the establishment of a construction industry development board that in Ghana to supersede all the activities of the industry in order to promote, maintain a high standard construction industry to the Ghanaian economy and society.

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