Ghana drops on World Bank doing business report

Ghana has dropped five places in the latest World Bank/IMF Doing Business Report rankings.

The country came down from 87 to 97 at the global level but placed third in Africa, after Rwanda, Tunisia and Zambia. War-torn Rwanda made the biggest mark in this year’s rankings and have been recognised as the first African country to head the list of top ten reformers in the world since the rankings six years ago.

The Doing Business Report measures the ease in doing business in 183 countries on ten indicators.

These include business registration, property registration, investor protection, enforcing contracts, issues of employment and access to credit, trading across borders, tax payment and closing business.

Out of the ten indicators, Ghana made some strides only in employment of workers and business registrations.

Whiles on doing business Ghana went up by only one point from 136 to 135, on employment the country went up by three points from 50 to 47.

However the country went down heavily in the areas of tax payment, dealing with construction permits and the protection of investors.

Ghana’s slip in the rankings might not be different from the latest World Economic Forum rankings.

The forum’s latest rankings on Global Competitiveness Index have also revealed that Ghana has dropped by 12 places to 114 out of 133 countries.

This could possibly mean that government has more to do improve the business climate in the country.