Hostname: page-component-cd9895bd7-p9bg8 Total loading time: 0 Render date: 2024-12-25T18:52:29.046Z Has data issue: false hasContentIssue false
  • English
  • Français

A Conglomerate in Africa: Public-Sector Manufacturing Enterprises in Ghana, 1962-1971

Published online by Cambridge University Press:  23 May 2014

Leslie E. Grayson
Leslie E. Grayson*
Affiliation:
Graduate School of Business, University of Virginia, Charlottesville, Virginia
Get access Rights & Permissions [Opens in a new window]

Extract

After gaining their independence, African countries followed various industrialization policies. Kenya and Tanzania, up to the Arusha Declaration in February 1967, pursued industrialization via private enterprises. Uganda and Nigeria followed a mixed pattern, that is, investments by both private and public enterprises; Ghana, since 1961 and up to the coup in February 1966 by the National Liberation Council (NLC) that ousted Nkrumah, relied primarily on public-enterprise investment (see also Grayson 1970, 1971ab, 1972).

Ghana started out along the Kenya and pre-Arusha Tanzania pattern, both before independence, with Nkrumah already in power, and after independence (in 1957) up till 1961. During that period Nkrumah set out to create an investment climate favorable to both private foreign and local capital. It was only after 1961 that Nkrumah embarked on large-scale public investments in manufacturing. (For an account of the political climate in the early 1960's, see Genoud 1969.) Aside from ideological leanings and a desire for prestige, the main economic considerations motivating Nkrumah were (1) his judgment that Ghanaian entrepreneurs were unable or unwilling to enter the modern manufacturing sector and (2) to break the economic power of the large foreign firms operating in Ghana.

Type
Research Article
Information
African Studies Review , Volume 16 , Issue 3 , December 1973 , pp. 315 - 346
Copyright
Copyright © African Studies Association 1973

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

References Cited

Birmingham, W., Neustadt, I., and Omaboe, E. N.. The Economy of Ghana. London: Allen and Unwin, 1966.Google Scholar
Ewing, A. F. Industry in Africa. London: Oxford University Press, 1968.Google Scholar
Gabriel, Peter P. The International Transfer of Corporate Skills. Boston: Harvard University Graduate School of Business Administration, 1967.Google Scholar
Garaj, V. “A Note on the State of the Cocoa Processing Industry in Ghana.” Economic Bulletin of Ghana, No. 4 (1967), 41–46.Google Scholar
Genoud, Roger. Nationalism and Economic Development in Ghana. New York: Praeger, 1969.Google Scholar
Ghana, Republic of. Report on the Administration and Operation of State Enterprises for the Period 1964-1966. Accra, September 1966. Mimeo.Google Scholar
Ghana, Republic of. Ghana Industrial Holding Corporation Decree. Accra: State Publishing Corporation, September 19, 1967a.Google Scholar
Ghana, Republic of. White Paper. Outline on Government Economic Policy. Accra, August 1967b.Google Scholar
Ghana, Republic of. National Investment Bank. Evaluation Report on the Sugar Products Corporation. Accra, September 1967c.Google Scholar
Ghana, Republic of. Ministry of Information. GIHC Press Briefing Release. Accra, 1968a.Google Scholar
Ghana, Republic of. Two-Year Development Plan, Mid-1968—Mid-1970. Accra: State Publishing Corporation, July 1968b.Google Scholar
Ghana, Republic of. National Investment Bank. Production Costs of the Pwalugu Tomato Cannery. Preliminary. Accra, November 1968c. Mimeo.Google Scholar
Ghana, Republic of. Ministry of Industries. Ghana's Industrial Policy. Accra: Ghana Trade Journal, February 1969.Google Scholar
Ghana, Republic of. One-Year Development Plan, July 1970-June 1971. Accra: State Publishing Corporation, September 1970a.Google Scholar
Ghana, Republic of. Two-Year Development Plan. Annual Report on Plan Implementation for the First Plan Year from July 1968 to June 1969. Accra, January 1970b.Google Scholar
Ghana, Republic of. Report by the Auditor General for 1967-68/1968-69. Accra: Ghana Publishing Corporation, August 1971.Google Scholar
Grayson, Leslie E. “The Role of Suppliers' Credits in the Industrialization of Ghana.” Paper presented to Thirteenth Annual Meeting of the African Studies Association, Boston, October 1970.Google Scholar
Grayson, Leslie E. “Ghanaian Industrial Strategy: Some Problems for the 1970's.” Economic Bulletin of Ghana, No. 3 (1971a), 3–23.Google Scholar
Grayson, Leslie E. “A Note on Ghana's Overseas Debt Policy.” Economic Bulletin of Ghana, No. 3 (1971b), 60–62.Google Scholar
Grayson, Leslie E. “The Role of Suppliers' Credits in the Industrialization of Ghana.” Economic Development and Cultural Change (October 1972).Google Scholar
Hexner, J. T. “EPIDC: A Conglomerate in Pakistan; The Spin-Off Process.” Economic Development Report (Harvard University), No. 140 (August 1969).Google Scholar
Hirschman, A. O. The Strategy of Economic Development. New Haven: Yale University Press, 1958.Google Scholar
Hirschman, A. O. “How to Divest in Latin America, and Why.” Essays in International Finance. Princeton: Princeton University, November 1969.Google Scholar
International Bank for Reconstruction and Development (IBRD, World Bank). Public Sector Development Policies and Programs. March 14, 1966.Google Scholar
International Bank for Reconstruction and Development (IBRD, World Bank). Industry and Mining. Annex Volume VII. Washington, July 15, 1970.Google Scholar
Kay, Daisy E. “The Market for Mango Products.” Tropical Products Institute Report No. 617, n.d.Google Scholar
Khatkhate, Dena R. “Management in Developing Countries.” Finance and Development (September 1971), pp. 8–14.Google Scholar
Leibenstein, Harvey. “Allocative Efficiency vs. ‘X Efficiency.’” American Economic Review (June 1966), pp. 392–413.Google Scholar
Lewis, W. Arthur. Aggrey-Fraser-Guggisberg Memorial Lecture, University of Ghana, Legon, 1968. Mimeo. Reissued as Some Aspects of Economic Development. London: Allen and Unwin, 1969.Google Scholar
Mensah, J. H. Report on the Cocoa Processing Industry in Ghana and Related Questions. Accra, October 4, 1966. Mimeo.Google Scholar
Mensah, J. H. “The Wealth of the Nation.” Legon Observer (July 2-15, 1971).Google Scholar
National Liberation Council (NLC). NLC Committee on the Review of Management Agreements. Accra, July 18, 1967. Mimeo.Google Scholar
Project of the Tomato-Mango Canning Factory, in Wenchi, Ghana: Economic Survey. Zagreb, Yugoslavia, 1963.Google Scholar
Reusse, Eberhard. Ghana's Food Industries, 1968. United Nations Development Programme and Food and Agriculture Organization, April 1968. Mimeo.Google Scholar
Stolper, Wolfgang. Planning Without Facts. Cambridge: Harvard University Press, 1966.CrossRefGoogle Scholar
Van der Wel, Paul P. “The Development of the Ghana Sugar Industry.” Working Paper, University College of Cape Coast, January 1969. Mimeo.Google Scholar