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 OMGVoice.com

ghana-economy

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.