3.10.2014

Has it Really Gotten Easier to do Business in Ghana?

By most accounts, it appears that doing business in Ghana has gotten easier. In 2003, it took about 23 days to start a business, and by 2013 the number had dropped to about 14 days (World Bank). While this figure is encouraging, I believe that it fails to account for a number of factors which make it difficult for businesses to thrive, particularly start-ups.

For example, while some of the initial costs of starting a business vary by industry,the cost of compliance (e.g., taxes and registration) is high. These "costs" arise as a result of official fees, as well as the time and monetary resources lost tracking documents and finalizing processes.

Do you think it's easy to do business in Ghana or Africa as a whole? Share your thoughts!


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