The ease of doing business in Ghana has deteriorated marginally compared to last year, a new World Bank report has revealed.
The World Bank in its latest Ease of Doing Business Report ranked Ghana at 118, representing a drop in four places in the previous year report.
The latest Ease of Doing Business report which measures businesses’ competitiveness in 190 countries attributes Ghana’s drop to government’s decision to convert GETFund and NHIL levies to straight taxes.
According to the World Bank, the conversion made paying taxes more complicated and more costly as they became a cost to businesses.
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The World Bank Ease of Doing Business, which is a forward-looking report, in 2019 ranked Ghana at 114 with a score of 60.4 and in 2020, the country was ranked 118 with a score of 60.
World Bank 2020 Ease of Doing Business
Doing Business 2020 is a World Bank Group flagship publication, and it is the 17th in a series of annual studies which provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
Doing Business 2020 continues to show a steady convergence between developing and developed economies, especially in the area of business incorporation.
Credit : Citinewsroom