The Index, recently compiled by the Mo Ibrahim Foundation, supports good governance and leadership in Africa.
According to the report, even though governance in Africa saw some growth in recent years, it has significantly slowed.
The four categories of governance as assessed by the Index are: Safety & Rule of Law, Participation & Human Rights, Sustainable Economic Opportunity and Human Development.
READ MORE: No winner for Mo Ibrahim leadership prize
"As many countries struggle to build on recent progress or to reverse negative trends, and as concerns emerge in some key sectors, the Mo Ibrahim Foundation is calling for vigilance on the continent’s future," it said.
"In overall governance, Ghana scored 65.0 (out of 100.0) ranking 8th (out of 54) in Africa. The country scored higher than the African average (50.8) and higher than the regional average for West Africa (53.8).
Read the full report here: Governance in Ghana not improving - Mo Ibrahim Index
"While Ghana achieved its highest category score in Participation & Human Rights (72.0), its lowest category score is in Sustainable Economic Opportunity (51.1)," the report added.
The index of African Governance, which is released annually, gave Ghana a score of 65 out of 100, which equates to the 8th best score on the continent.
Ghana scored highest in Participation & Human Rights (72.0), but abysmally in Sustainable Economic Opportunity (51.1).
According to a statement released by the Mo Ibrahim Foundation, which carries out the survey, Ghana has been ‘increasingly deteriorating’ in score over the past decade.
The winner of the award receives US$5 million over 10 years and $200,000 annually for life thereafter. The prize has not been awarded for two years, apparently because of no suitable candidates.