The ²³²Th$(n, \gamma)$ reaction cross-section at average neutron energies of 13.5, 15.5 and 17.28 MeV from the ⁷Li$(p, n)$ reaction has been determined for the first time using activation and off-line 𝛾-ray spectrometric technique. The ²³²Th$(n, 2n)$ cross-section at 17.28 MeV neutron energy has also been determined using the same technique. The experimentally determined ²³²Th$(n, \gamma)$ and ²³²Th$(n, 2n)$ reaction cross-sections from the present work were compared with the evaluated data of ENDF/BVII and JENDL-4.0 and were found to be in good agreement. The present data, along with literature data in a wide range of neutron energies, were interpreted in terms of competition between ²³²Th$(n, \gamma)$, $(n, f)$, $(n, nf)$ and $(n, xn)$ reaction channels. The ²³²Th$(n, \gamma)$ and ²³²Th$(n, 2n)$ reaction cross-sections were also calculated theoretically using the TALYS 1.2 computer code and were found to be in good agreement with the experimental data from the present work but were slightly higher than the literature data at lower neutron energies.