Ghana tops West Africa in 2014 World Bank doing business index

Ghana emerged number one destination in ease of doing business among countries in the ECOWAS region, according to the 2014 Doing Business report released October 29, 2013.

Ghana, the region’s second largest economy, was followed by Cape Verde, Sierra Leone, Liberia and Nigeria.

Ghana fell to place 67th globally in the 2014 index.

Published by the World Bank Group, the 2014 Doing Business Report titled “Understanding Regulations for Small and Medium-Size Enterprises” analyzed regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and resolving insolvency.

The aggregate ease of doing business rankings are based on 10 indicators and cover 189 economies.

This year’s report marks the 11th edition of the global Doing Business report series and covers 189 economies.

By Ekow Quandzie