The role of GEXIM bank in Ghana’s industrialisation through 1D1F initiative

The Manufacturing sector for any economy is considered the backbone of economic development. Manufacturing industries do not only help in modernizing agriculture, but they also reduce the heavy dependence of people on agricultural income. In 2017, it was estimated that the manufacturing Industry in Ghana accounts for about 25.3% of total GDP. Ghana’s industrial production is rising at a rate of 7.8%, making it the 38th fastest-growing industrial production in the world due to government’s industrialization policies. Locally produced goods reduce the level of importation and help keep a robust economy especially…

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