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
-
GFA launches maiden FIFA U15 Girls Regional Colts Leagues
8 minutes -
Father jailed 10 years for defilement and incest
36 minutes -
Gov’t increases quarterly adjudication allowance for chiefs from GH¢30,000 to GH¢50,000
47 minutes -
Three suspects, including a well-known drug dealer, arrested in Tamale-Yendi by police
2 hours -
China no longer Pentagon’s top security priority
2 hours -
TikTok US venture to collect precise user location data
3 hours -
High Court injunction seeks to cripple Ghana Law Society over illegal licensing claims
3 hours -
CSA cracks down on unlicensed cybersecurity providers; Sanctions begin Jan 31
3 hours -
Dr. Nyaho-Tamakloe blasts NPP’s top-down rebuilding strategy
3 hours -
UniMAC mourns student killed in hit-and-run near South Legon campus
4 hours -
Single company contracted by DVLA to produce number plates joins suit blocking introduction of new number plates as defendant
4 hours -
Access Bank and IFC seal $134 million cocoa sector risk-sharing deal
4 hours -
Bawumia tipped to win NPP primary with 57% – Global InfoAnalytics final poll
5 hours -
Manhunt for Gomoa Potsin herdsman after Kasoa election day gunman confesses
6 hours -
Achimota Retail Centre braces for Day 2 of ‘Joy At The Mall’ after Day 1 extravaganza
6 hours
