The European Union says Ghana’s competitiveness within sub-Saharan Africa has decline in the last four years due to the country’s weakening macro-economic indicators.
[contextly_sidebar id=”LWWgs31bHPPo7kvfDf30pcJP7uQfviOu”]The EU insists countries like Cote d’Ivoire and Rwanda have overtaken Ghana according to some international benchmarks.
Ghana dropped eight places in the latest Global Competiveness report, going down from 111 to 119, out of 140 countries assessed.
The Head of Macro Economics and Trade sector at the European Union Christian Peters charged Ghana to reverse the current downward trend.
He said,” you are all aware of the challenges for the private sector in Ghana, the competitiveness of Ghana has not improved over the past three or four years, it has rather declined.”
Speaking at the final experience sharing workshop of the National Board For Small Scale Industries facilitated by the Trade Related Assistance And Quality Enabling Program, Christian Peters stated that there were challenges with regards to the macro-economic management of the country, infrastructure, governance and labour market efficiency.
By: Rabiu Alhassan/citifmonline.com/Ghana