Ghana’s business environment is considered as less competitive compared to some economies within the sub-region.
While efforts have been made to reduce the cost and duration of registering a business in the country, it appears more needs to be done at a time that the Ghana Investment Promotion Centre is targeting 5 billion dollars in investments for 2017.
This also comes ahead of Citi FM’s investment forum on repositioning Ghana as an investment destination, slated for Tuesday, 6th June, 2017 at the Alisa Hotel.
Across Sub-Saharan Africa, Ghana ranks as the 10th economy with ease of doing business. The leading sub-Saharan economy in ease of doing business is Mauritius which ranked 49th at the global level.
Other better performing economies in Africa include Rwanda, Botswana, Kenya and Seychelles.
While it will cost a start-up almost 20 percent of its income per capita in Ghana, it will cost star-ups 0.8, 1.8 and 8.1 percent to register businesses in Botswana, Mauritius and Lesotho respectively.
Over twenty economies in sub Saharan Africa do not request for any paid in capital for starting a business.
But Ghana will requests as much as 200 percent of income per capita for paid in capital.
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By: Pius Amihere Eduku/citibusinessnews.com/Ghana