Ghana has made significant strides in enhancing its regulatory framework, earning a score of 66.99 percent in the World Bank’s latest Business Climate Rankings (B-Ready), released in October. This achievement marks an important step in the country’s efforts to attract investment and improve the ease of doing business.
The B-Ready report assesses the business environment across three key pillars: regulatory framework, public services, and operational efficiency. While Ghana performed well in the regulatory framework category, scoring 66.99 percent, it showed mixed results in other areas. Operational efficiency was rated at 54.42 percent, and public services lagged with a score of 47.67 percent.
In addition to these pillars, the report evaluated broader market dynamics, revealing that Ghana scored 32.19 percent in market competition and 56.78 percent in international trade. Business entry processes were rated at 40.99 percent, but utility services stood out positively with a score of 68.52 percent.
The report, covering 50 economies worldwide, highlighted that wealth is not a prerequisite for creating a favorable business environment. It aligns with the World Bank’s objective of promoting private investment to spur economic growth.
