The latest World Bank report indicates that Ghana is the best place for doing business in West Africa. This sharply contradicts the position held by NPP Flagbearer, Nana Akufo-Addo and his Vice, Dr. Mahamadu Bawumia who have deliberately painted a gloomy picture about Ghana’s economy.
The latest World Bank Ease of Doing Business report which rated 190 countries indicates Ghana made marginal progress in several area.
According to the rankings, Ghana beat the biggest economy in the West African sub region, Nigeria and its neighbor, Ivory Coast, as the best place for doing business.
The latest report comes at a time, Ghana’s main opposition party has consistently been misleading the public with selective reports about the performance of the economies in the two named countries particularly.
On the African Continent, Ghana was ranked as the ninth best place for doing business after Lesotho and Zambia.
Mauritius once again ranks best in the region, with an overall Doing Business global ranking of 49.
Mauritius performs best in the areas of Protecting Minority Investors and Dealing with Construction Permits, with a rank of 32 and 33 respectively, on those indicators.
Ghana recorded its biggest jump in the area of trading across borders, going up by 13 places to 167 out of the 190 countries ranked.
It also went up by three places to 76 on the resolving insolvency indicator and two places to 122 when it comes to getting access to electricity for businesses.
On the global front, Ghana’s performance went up globally by three places to 108 out of 190 countries ranked.
The World Bank Ease of Doing Business rankings assessed countries based on 11 indicators such as starting a business, access to a credit facility, registering a property, access to electricity, paying taxes, protecting minority investors, trading across borders, enforcing contracts and resolving insolvency.