Audio By Carbonatix
Ghana has dropped five places in the latest World Bank/IMF Doing Business Report rankings.
The country came down from 87 to 97 at the global level but placed third in Africa, after Rwanda, Tunisia and Zambia. War-torn Rwanda made the biggest mark in this year’s rankings and have been recognised as the first African country to head the list of top ten reformers in the world since the rankings six years ago.
The Doing Business Report measures the ease in doing business in 183 countries on ten indicators.
These include business registration, property registration, investor protection, enforcing contracts, issues of employment and access to credit, trading across borders, tax payment and closing business.
Out of the ten indicators, Ghana made some strides only in employment of workers and business registrations.
Whiles on doing business Ghana went up by only one point from 136 to 135, on employment the country went up by three points from 50 to 47.
However the country went down heavily in the areas of tax payment, dealing with construction permits and the protection of investors.
Ghana’s slip in the rankings might not be different from the latest World Economic Forum rankings.
The forum’s latest rankings on Global Competitiveness Index have also revealed that Ghana has dropped by 12 places to 114 out of 133 countries.
This could possibly mean that government has more to do improve the business climate in the country.
Source: Joy Business /Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Meet Emelia Naa Ayeley Aryee, the Ghanaian Gender Advocate helping couples overcome infertility stigma
2 minutes -
Oil pulls back as traders look for progress on US-Iran talks
48 minutes -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
49 minutes -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
55 minutes -
One killed and others missing after chemical explosion at US paper mill
1 hour -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
1 hour -
Deliver or be questioned – Majority Chief Whip warns OSP
1 hour -
Crime is everywhere – Dafeamekpor slams OSP’s Accra-centred operations
2 hours -
Don’t be cocooned in Accra – Dafeamekpor pushes OSP to invade districts
2 hours -
Free sanitary pads and pad bank Initiative cut teenage pregnancy in Bosomtwe – Girl Child coordinator
2 hours -
Asunafo North Municipal Assembly deploys DL-Rev Software to tackle revenue shortfall
3 hours -
General Mosquito promised to ‘annihilate’ NPP – Dafeamekpor reveals details of earlier tour
3 hours -
Asiedu Nketia has been touring since 2021, not plotting new campaign, says Dafeamekpor
3 hours -
Apple, Google push for judicial oversight in Canada online safety bill
3 hours -
Micron joins $1 trillion club as AI race powers memory chip boom
4 hours