On the Forbes 2015 ranking of 144 Best Countries for Business in the world, Ghana ranks 79th and 8th in Africa.
Ghana is ahead of countries like Senegal, Tunisia, Namibia and the Seychelles. Some of the other countries that Ghana is ahead of include Mozambique, Lesotho, Madagascar, Burkina Faso and Cote d’Ivoire which is ranked at 106th in the world and 17th in Africa.
The countries ahead of Ghana are, Mauritius, South Africa, Morocco, Botswana, Cape Verde, Rwanda and Zambia.
Forbes has not stated the details and criteria for the ranking, it simply posts indicators like population, GDP growth rates, GDP per capita and trade balance to GDP.
Ghana’s GDP growth is put at 4 per cent, GDP per capita is $4,100, trade balance to GDP, -10.4 per cent and the population is 26.3 million.
Nigeria is ranked at 122nd in the world and 27th in Africa with a population of 181.6 million. The country’s GDP growth is put at 6.3 per cent, its GDP per capita is $6,100 and trade balance to GDP is 0.2 per cent.
The ranking has Denmark with a population of 5.6 million at number one, with 1.1 per cent GDP growth, $44,600 GDP per capita and trade balance to GDP of 6.3 per cent.
At the bottom of the ranking is Chad. Having a population of 11. 6 million, Chad has a GDP growth of 6.9 per cent, a GDP per capita of $2,600 and trade balance to GDP of -7.8 per cent.
With a population of 1.3 million, Mauritius is the number one country in Africa on the ranking. It has a GDP per capita of $18, 700, a trade balance to GDP of -5.5 per cent and GDP growth of 3.6 per cent.
The ranking covers 40 countries in Africa.
By Emmanuel K. Dogbevi