Ghana’s trade ranking slips to 7th as infrastructure woes bite
Ghana faced a decline in its overall trade ranking, falling from 3rd to 7th among 10 African countries evaluated in the latest Standard Bank Africa Trade Barometer (SB ATB) report. The report shows that Ghana’s trade environment is grappling with mounting challenges, even as confidence within the business community shows a surprising lift. This shift highlights emerging hurdles, particularly in government support for trade and infrastructure, which are critical for Ghana’s market competitiveness. The 4th edition of the report indicates that local businesses perceive a dip in government support, primarily due to inflation, high taxes, and foreign exchange constraints. The...
