Sectors & markets

Ghana is ranked the most competitive economy in West Africa.

In the latest Global Competitiveness Index, a report compiled by the World Economic Forum, Ghana ranks 11th in Africa and 1st in West Africa.

Ghana ranks 11th in Africa and 1st in West Africa making the country's economy the most competitive in West Africa. Ghana also ranks 106 out of 140 countries globally. In the 2017 edition, Ghana placed 13th in Africa and 111th in the world.

The Global Competitiveness Report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of economic growth in the era of the Fourth Industrial Revolution. Countries are assessed according to the 12 pillars of the Global Competitiveness Index (GCI), namely institutions, infrastructure, macroeconomic environment, health & primary education, higher education & training, goods market efficiency, labour market efficiency, financial market development, technological preparedness, market size, business sophistication and innovation. Each pillar is grouped into three sets describing basic requirements, efficiency enhancers and innovation factors of competitiveness.

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