Audio By Carbonatix
Ghana has made an impressive showing in the latest Global Competitiveness Index for 2012/2013.
The report put together by the World Economic Forum ranked Ghana 103 out of 144 countries in the world.
This remarkable achievement was realized following improvements in the country’s Basic Requirements of its macroeconomic stability, health and educational outcomes.
The rankings uses twelve pillars which are divided into three main sub-indexes to measure countries’ competitiveness.These are: Basic Requirements(comprising institutions; infrastructure; macroeconomic stability; health and primary education), Efficiency Enhancers(which includes higher education and training; goods market efficiency;financial market sophistication; technological readiness; market size) and Innovation & Sophistication Factors(consist of business sophistication; innovation).
Ghana displayed a strong public institutions and governance indicators (compared to other Africa countries).
According the 2012-2013 GCI report, some aspects of the country’s infrastructure are good by regional standards, particularly the state of Ghana’s ports.
The country’s Financial Market was also seen to be well-developed making a respectable 59thin the rankings.
However, education levels continue to lag behind international standards at all levels, whilst the country’s labour market is still characterized by inefficiencies.
Also, Ghana is still not harnessing new technologies for productivity enhancements as ICT adoption rates are very low.
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
-
12 of the best TV shows to watch this January
16 minutes -
All-inclusive Luv FM Family Party underway with colour, music, and laughter as families troop in to Rattray Park
35 minutes -
Jospong Group CEO, wife support over 5,000 Ghanaians with food, cash on New Year’s Day
2 hours -
Life begins at 40: A reflection on experience and leadership
2 hours -
Maresca leaves Chelsea after turbulent end to 2025
3 hours -
NPP still hurting after 2024 loss – Justin Kodua
3 hours -
Ghana declares war on illegal streaming of pay-TV content
3 hours -
Vice President leads 44th anniversary commemoration of 31st December Revolution
3 hours -
Valencia coach Fernando Martin dies in Indonesia boat accident
3 hours -
Nigeria AG’s intervention brings relief to River Park estate investors – JonahCapital
4 hours -
High number of youth behind bars is a national loss – Ashanti regional prisons commander
4 hours -
Nhyira Aboodoo shifts to monumental projects, injects GH₵270,000 into Ashanti orphanages
4 hours -
Police restores calm after swoop operation at AbosoÂ
4 hours -
Through thick and thin in 2025: KGL Group makes national, global impact
4 hours -
Clean Air Fund sets 2026 targets, pushing gov’t toward funding, tougher laws and real health gains on air pollution
5 hours
