Availability, quality of and access to infrastructure; cost of telecommunication facilities, and management skills stood out as the top three most improved business components this year.
This was captured in the 2025 Business Environment and Competitiveness Survey Report by the United Kingdom Ghana Chamber of Commerce (UKGCC)
Also, the effectiveness of the political system joined the list, highlighting respondents’ appreciation of the largely safe and fair recent general elections at the end of 2024.
This year’s top five most-declined factors had three new entrants compared to last year’s survey, except for corruption, which was number one last year but dropped to fifth in this year’s survey, and the cost of power, which was fifth last year, but climbed to third.
Taking a bird’s eye view of the survey results over the five years from 2021 to 2025, the improvement in the general perception of business executives of the business environment in Ghana is apparent.
To illustrate, in the 2021 UKGCC Business Environment and Competitiveness Survey (UKGCC BECS), on average, one of five survey respondents (21.3%) perceived individual components of the business environment to be in “declining mode”.
Perception About Corruption
Notably, perceptions about corruption in government have improved the most, but views about regulatory frameworks did not fare as well.
Relatively, more respondents suggested that access to capital improved during the business year surveyed. Similarly, higher percentages of respondents reported that the costs of capital and land were more favourable in the surveyed year compared to the preceding year.
The report indicated that improved access to finance incentivises businesses to invest in growth initiatives and pursue innovation. This improvement is indicative of renewed business confidence and improved financial market conditions signalling businesses to create long-term value.
About the Author
