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
-
AFCON 2027Q: Alexander Djiku ruled out of Gambia game with injury
4 minutes -
AFCON 2027Q: The god of football is results – Carlos Queiroz
6 minutes -
Africa will not be forced to choose sides in global power rivalry – Ablakwa
10 minutes -
NPP demands review of GH¢2,650 cocoa price, questions statutory calculation
12 minutes -
AFCON 2027Q: ‘Better to stay home if you’re coming to complain about absent players’ – Carlos Queiroz
12 minutes -
First Deputy Minority Whip files private members’ motion for inquiry into Ghana-linked narcotics seizures
13 minutes -
KMA spearheads construction of new Kumasi Central Divisional Police Headquarters, seeks support for relocation
16 minutes -
Photos: GAF begins documentation and physical screening for 2026/27 enlistment
16 minutes -
Three arrested over alleged kidnapping and murder of 33-year-old in Accra
18 minutes -
Alan Kyerematen calls for end to political ‘duopoly’ ahead of 2028 election
18 minutes -
Wrestler Benjamin Satterley, known as Pac, dies aged 40
18 minutes -
AFCON 2027Q: There’s no problem with the Black Stars – Carlos Queiroz
24 minutes -
Ghana hotels see revenue per room fall by 19% between November 2024 and January 2025 – GSS
30 minutes -
Apple ordered to pay $5.7bn after losing vibration tech patent suit
32 minutes -
Hostels outperform hotels as accommodation demand shifts to lower-cost options – GSS
35 minutes