Business News of 2014-01-07

Ghana is sixth best country in Africa for business – Forbes

Ghana is 69 in the world according to the latest Best Countries for Business polls by Forbes, making the country sixth in Africa behind Mauritius, South Africa, Rwanda, Botswana and Zambia.

The survey based on values calculated till December 2013 were from market performance based on each country’s major stock index returns for 12 months sourced from Heritage Foundation, World Economic Forum, Transparency International, Freedom House among others.

Ghana being in the first 100, far ahead of Nigeria which is trailing at 114, gained the position with a GDP growth of 7.0% and GDP per Capita at $1,500 against trade balance of -11.7% of GDP.

With an estimated population of 25.2 million, the country is ahead of Russia and China who place 91 and 94 respectively in the Forbes list.