According to a recent Africa Trade Barometer report by Standard Bank, Ghana ranks second among countries with a favorable business environment and a welcoming business ecosystem. This recognition highlights Ghana’s potential for fostering thriving businesses and attracting foreign investments.
Ghana secured the second position with an impressive score of 74.28, closely trailing behind South Africa, which secured the top spot with a score of 100.00.
The Africa Trade Barometer (ATB) combines the Quantitative Trade Barometer (QTB) and the Survey Trade Barometer (STB) to provide comprehensive insights into the business landscape. The QTB utilizes existing secondary data sources and reported facts to establish ratings and rankings for each nation. On the other hand, the STB compiles data from primary research surveys conducted with 2,554 enterprises to offer additional scores and rankings.
Here is the ranking of the top 10 countries in the Africa Trade Barometer report:
South Africa – 100.00
Ghana – 74.28
Namibia – 60.23
Uganda – 58.94
Tanzania – 58.90
Mozambique – 57.51
Kenya – 55.81
Nigeria – 48.41
Zambia – 43.21
Angola – 0.00
This recognition underscores Ghana’s commitment to creating an enabling environment for businesses and investment, making it an attractive destination for both local and foreign entrepreneurs.