The objective of the study was to find out whether companies have policies governing the attachment programme. The study was to determine the readiness of companies to accept students on the attachment programme and examined the benefits the students gain from the industrial attachment programme. Descriptive design was used for the study. Students and employees in companies were involved in the study. Questionnaires were used to collect relevant data from companies and students of Takoradi Polytechnic. Data obtained were analyzed using descriptive statistics such as frequencies percentages. The study revealed that majority of the students get placement through personal efforts, intervention of relatives, friends and schoolmates. The government should therefore have a special incentive package (e.g. Tax rebate) to companies which will accept students on industrial attachment. The study further revealed that two months attachment period for the students is woefully inadequate to acquire skills. It therefore recommend that the duration for the industrial attachment should be extended to three months instead of two mouths of the polytechnics so that the students will acquire all the necessary skills before they get back to school.