Abstract
The construction industry is the second largest contributor to GDP and a significant driver of economic activities in Ghana. Given the importance of the construction industry in boosting the national economy, it is essential to develop effective strategies to keep improving the performance of the industry. To achieve this aim, this research conducted the strengths, weaknesses, opportunities and threats (SWOT) analysis of the Ghanaian construction industry. Underpinned by the SWOT analysis, strategic recommendations are provided to minimise the weaknesses and neutralise the threats that confront the industry, while taking advantage of the strengths and exploiting the opportunities presented to it. These include investment to facilitate innovation and growth, human resource development, development and enforcement of policy and standards, and conducive procurement practice. The recommendations are expected to provide practical and theoretical directions to the industry’s stakeholders on effective ways to improve the industry’s performance.
Highlights
Construction has a strong linkage with many economic activities and whatever happens to the construction industry will directly and/or indirectly influence other sectors of the economy and the wealth of a country [1]
The construction industry is a significant driver of economic activities in Ghana and contributes to both industrial output and overall Gross Domestic Product (GDP)
The industry is noted for several weaknesses including, poor health and safety performances, cost and time overruns, low technology, poor workmanship, among others
Summary
Construction has a strong linkage with many economic activities and whatever happens to the construction industry will directly and/or indirectly influence other sectors of the economy and the wealth of a country [1]. In Ghana, as in many developing countries, one major criterion for assessing the performance of the ruling party in government is through infrastructure projects This demand places intense pressure on government to satisfy the people politically [37]. According to Ofori-Kuragu et al [19], contractors perceive these acts of abandoning ongoing construction projects by successive governments as deliberate, because it gives the new government the opportunity to later re-award these same projects to their party members This supports the general perception within the industry that political affiliation is a major consideration in the award of contracts for public infrastructure projects [19].
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