Determinants of Performance in the Wood Industry in Ghana: An Overview
, University of Professional Studies, Accra
Lecturer, School of Public Service and Governance, GIMPA, Accra
potential that the w
through improved foreign
earnings, increased employment opportunities, and local
economic development cannot be underestimated. At the global level, this potential of the wood
industry has been deemed to be dependent on factors such as market orientation, firm size,
gement attitudes, and firm, industry, product and market characteristics. Thus, it is
possible for countries and economies at different stages of development, different levels of
industrialization and with differing levels of wood or forestry resource endo
demonstrate or respond differently to the industry’s potential benefits also at the local or
The wood industry in Ghana contributes significantly in all three areas mentioned
above. The timber or wood industry, dominated mainly b
y private small and medium scale
enterprises (SMEs), averagely accounts for about 6% of the Gross Domestic Product (GDP).
According to Awuah
Seiwaah (2010), the sector is the fourth most important foreign exchange
earner (accounting for 11%) after Minerals
(36%), Cocoa (35%), and Tourism (12%).
provides direct employment to more than 100,000 people in logging and processing mills as
. It also contributes about 4% of the national tax revenue in Ghana.
It is clear therefore th
at the performance of the wood industry depends on the above
This study aims to determine which factors are the most important for
industry, especially in a global market space where
nationally competitive is essential.
The study reviews empirical research that have applied
factors that have generally been accepted by researchers to be the determinants of performance
in the wood industry as a way to assess the usefulness of such factor
s in evaluating and making
appropriate recommendations for improving performance in the wood industry in Ghana.