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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.

Keywords

Socio-economic impact Garment industry Employment Community development Economic growth

Article Details

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Gbiel Benarkuu, G. ., Katere, E. ., Ifenkwe, A. ., Clever Sutinga, P. ., & Dono, V. . (2024). Role of Pax Garments in the Economic Development of Sunyani Municipality: A Socio-Economic Perspective. Convergence Chronicles, 5(3), 27–39. https://doi.org/10.53075/Ijmsirq/6554464434
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