Ghana ranked one of the most regressed countries in Africa

sQuashie

January 20, 2016 7:46 AM

Ghana got an overall score of 3.58 to rank at #119 out of 140 countries. This represents a drop from Ghana's position on the GCI Report for 2014-2015, which put Ghana at #111.

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Each year, the World Economic Forum produces its Global Competitiveness Report, a comprehensive assessment of economic competitiveness across the globe.

Each country’s relative economic strength is determined by analyzing twelve pillars–including capacity to innovate, infrastructure, and health factors–that produce 114 unique indicators.

Those indicators make up the Global Competitiveness Index, a global ranking that looks to shed light on the drivers contributing to national productivity and prosperity.

The lead countries globally were Switzerland, Singapore and the United States, retaining their 1st, 2nd, and 3rd positions from last year respectively with a score of 5.76 (Switzerland), 5.68 (Singapore) and 5.61 (United States).

In Africa, Ghana was ranked collectively with Kenya, Algeria and Lesotho as the most regressed countries for the period in contention.

sQuashie