Ghana Ranked 9th Best African Country For Business By Forbes In 2020

Forbes has ranked Ghana 94th among 161 countries in the World and 9th in Africa for doing business, according to the annual report sighted by


Ghana’s scores for individual factors on which the ranking was based are as follows:

Trade Freedom:137
Monetary Freedom:147
Property Rights: 60
Innovation: 83
Technology: 87
Red Tape: 94
Investor Protection: 96
Corruption: 73
Personal Freedom: 34
Tax Burden: 96

Also, the macroeconomic indicators and demographics used by Forbes are as follows:

GDP Growth: 8.4%,
GDP per Capita: $1,600
Trade Balance/GDP: -4.5%
Population: 28.1M
Public Debt/GDP: 72%
Unemployment: 11.2%
Inflation: 12.4%

Ghana beat neighbors Cote d’Ivoire, Nigeria, Cameroon and African powerhouse, Egypt who were all ranked lower.


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