ABSTRACT
This work is intended to critically examine the effect of the current exchange rate policy on the manufacturing sector. Anammco Manufacturing Company was used as the case study. The exchange rate regime is a very crucial monetary tool for shaping the thrust and direction of a national’s economy. In 1995 a dual exchange rate policy was introduced and this policy was still maintained in 1996-2003.
Review of related literature highlighted the evolution of exchange rate and the various mechanisms and institutions that have come to be referred to as part of the international monetary system (IMS). It also pointed to the fact that various exchange control measure had been used before the SAP. And how the current exchange rate policy have affected the manufacturing sector.
The research method adopted was the survey method and the sample company was Anammco, Manufacturing Company.
Questionnaire was used to collect data while percentages were calculated for the responses given to the questionnaire. The study found out that the current exchange rate policy was an important factor in increasing the unit cost of production. It also discovered that it encouraged local sourcing of hitherto imported inputs and findings alternative inputs locally and that low capacity utilisation during this period of the current exchange rate was caused by the inadequacy of supply of forex to the manufacturing sector.
Finally, it recommended that government should correct the perceived deficiencies of the programme, adequate incentives should be provided to the local manufacturing firms that are engaged in the production of import- substitutes of industrial inputs. It also recommended that banks and other financial institutions should be encouraged to give more financial assistance to the manufacturing sector, and the public, and private sector should step up financial allocation to research and development activities.
TABLE OF CONTENTS
COVER PAGE
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE
1.0 INTRODUCTION
1.1 GENERAL BACKGROUND TO THE SUBJECT MATTER
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
1.3 PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH.
1.4 THE IMPORTANCE OF STUDYING THE AREA
1.5 DEFINITION OF IMPORTANT TERMS
1.6 (CHAPTER) REFERENCE (USING APA METHOD)
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 THE ORIGIN OF THOUGHT WITHIN THE SUBJECT AREA
2.2 SCHOOL OF THOUGHT RELEVANT TO THE PROBLEM OF STUDY
2.3 DIFFERENT METHODS OF STUDYING THE PROBLEM
2.4 SUMMARY
2.5 REFERENCES
CHAPTER THREE
3.0 CONCLUSION
3.1 DATA PRESENTATION (HIGHLIGHTS OF THE STUDY)
3.2 ANALYSIS OF THE DATA
3.3 RECOMMENDATION
3.4 CONCLUSIONS
3.5 REFERENCES
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