Ghana has made notable progress in improving its regulatory framework, achieving a 66.99 percent score in the World Bank’s latest Business Climate Rankings (B-Ready), released in October.
This advancement represents a key milestone in the country’s ongoing efforts to attract investment and enhance the ease of doing business.
The B-Ready report evaluates the business climate across three major pillars—regulatory framework, public services, and operational efficiency.
While Ghana excelled in the regulatory framework pillar with a 66.99 percent score, it showed mixed performance in other areas.
The country scored lower in operational efficiency at 54.42 percent and even further behind in public services, with a score of 47.67 percent.
The report, which often correlates with GDP per capita, also assessed Ghana’s broader market dynamics. In terms of market competition, Ghana scored 32.19 percent, and for international trade, the country earned 56.78 percent.
On business entry, Ghana achieved 40.99 percent, while utility services were a bright spot, scoring 68.52 percent.
Importantly, the report stressed that economies do not need to be wealthy to create a favourable business environment.
Covering 50 economies globally, this inaugural report aligns with the World Bank’s goal of promoting private investment to drive economic growth.
Source: Citi News