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Role of Pax Garments in the Economic Development of Sunyani Municipality: A Socio-Economic Perspective
Article Number: SIS648327AI010724
1st July, 2024
Author(s):
Gabriel Gbiel Benarkuu, Enock Katere, Agatha Ifenkwe, Peter Clever Sutinga, Vitus Dono
Abstract:
This study investigates
the socio-economic impacts of Pax Garments on the economic development of the
Sunyani Municipality, highlighting its contributions to employment, economic
growth, and social welfare. Employing a quantitative methodology, primary data
was collected through meticulously crafted survey questionnaires targeting
local residents and employees. A stratified sampling strategy ensured a
representative sample, reflecting the demographic diversity of the community.
The study's findings reveal that Pax Garments significantly contributes to
local employment, benefiting women and youth, thus enhancing economic stability
and reducing poverty. The company’s financial contributions through salary
payments and local procurement stimulate economic activity, supporting
ancillary businesses and services integral to the garment production ecosystem.
Socially, Pax Garments plays a crucial role in community development by
improving local infrastructure and supporting educational and healthcare
facilities, leading to enhanced living conditions and community well-being.
Despite these positive outcomes, regression analysis indicates that the
explanatory power of variables such as employment opportunities, economic
contributions, and social impact on community perceptions is moderate,
suggesting the influence of other unexamined factors. This underscores the
complexity of industrial impacts on local communities and the necessity for
further research to identify additional relevant predictors. Policy
implications of these findings suggest that local government and stakeholders
should adopt a holistic approach to maximize the benefits of industrial
activities. This includes fostering partnerships between industrial enterprises
and community organizations to address broader social issues, thereby enhancing
the overall impact of the garment industry on local development. The study
provides valuable insights for policymakers and stakeholders, advocating for
integrated strategies to harness the full potential of Pax Garments'
contributions while mitigating associated challenges. Future research should
incorporate qualitative methods and longitudinal designs to capture industrial
activities' nuanced and long-term effects on local communities, thereby
informing more comprehensive and effective development strategies.