Like many other Sub-Saharan African countries, Ghana implemented an
orthodox Structural Adjustment Programme (SAP), to resuscitate its ailing
economy, in the early 1980s. Subsequently, there has been a dramatic expansion in
the production and export of processed wood. Based on an empirical study of Ghana's
formal wood processing industry, this paper discusses
the various determinants that have combined to boost the export-oriented
output in the industry, particularly in the first decade of the programme,
and assesses the extent to which the SAP-based policy actions account for
the change. The study concludes that adjustment played a major role in the
change, and suggests that even though SAP supporters and critics disagree
on the nature, dynamics and effects of the programme, government measures
under the programme are an indicator of what real commitment on the part
of African governments can do to engender production expansion in comparable African manufacturing industries.
Research on Stability of Strategic Alliance in Heilongjiang Soybean Processing Industry: an Empirical Study based on AHP and FCE Method
