Ghana has moved up 10 places from 77 to 67 in the latest rankings of countries where the environment for doing business is good. The 2011 World Bank/International Finance Corporation Doing Business report ranks 183 economies around the world who have improved the environment for local businesses especially to thrive. The forward looking rankings track some regulatory reforms that have taken place from June 2009 and May this year which has gone a long way to improve the environment for doing business. The report is based on 10 indicators that track the time and cost involved to meet government requirements in starting and operating a business. It also looks at other factors such as trading across borders, paying taxes, closing a business, getting credit, enforcing contracts and protecting investors. Ghana also came up as the global best reformer in access to credit and still the best place for doing business in West Africa. The rankings also revealed that Ghana made some strong showing in protecting investors ranking 44th out of 183 countries. The rankings also showed that Ghana has shown continued improvement over the past five years in improving the environment for doing business. Source: Joy Business/Ghana