- Ghana ranked 5th in Africa and 1st in West Africa for good governance.
- Ghana scored 61.7 with a grade of B, surpassing several countries.
- Report praises Ghana's democratic institutions and commitment to good governance.
- Ghana outperformed many countries, including Argentina and Brazil.
Ghana has been ranked as the fifth best-governed country in Africa and the best-governed country in West Africa, according to the 2023 World Economics Governance Index report.
The report evaluates governance through four key indexes: corruption perception, rule of law, press freedom, and political rights. Ghana obtained a grade of B and an index score of 61.7, surpassing countries like Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria.
Ghana’s ranking reflects its relatively high scores across all measured dimensions, surpassing its West African counterparts. Ghana has celebrated more than three decades of democracy under the Fourth Republic and is frequently cited as a shining example of democracy in Sub-Saharan Africa .
The report highlights Ghana’s notable enhancement in governance despite facing numerous challenges in recent years that have impacted its global ratings. However, the report also emphasizes the need for significant improvements in the administration of the rule of law and a more effective strategy to combat corruption .
Ghana’s score for corruption levels was 48.8, the lowest amongst the four grading indicators. The report also underscores the importance of providing journalists and media practitioners with a secure workplace free from intimidation and fear.
Mauritius clinched the first position in Africa with a grade of B and an index of 69.3, followed closely by Namibia in second place with an index of 69.1. South Africa and Botswana secured the third and fourth positions, respectively, preceding Ghana in the rankings.
Ghana’s global ranking stood at 48th, outperforming several countries, including Argentina, Bulgaria, Hong Kong, Malaysia, Brazil, Senegal, Malawi, Indonesia, India, Tunisia, Cote d’Ivoire, United Arab Emirates, Benin, Rwanda, Kenya, Morocco, Tanzania, Ethiopia, Nigeria, Turkey, and Egypt.
World Economics, a research organization based in the United Kingdom, conducted the assessment. The organization has been a significant contributor to the financial world for over three decades and provides valuable insights into the governance landscape across more than 150 countries.
The report’s findings offer investors and stakeholders crucial information for informed decision-making processes. Ghana’s ranking as the fifth best-governed country in Africa is a testament to its commitment to democracy and good governance.
Ghana’s notable ranking in the World Economics Governance Index report is a reflection of its efforts to strengthen its democratic institutions and promote good governance. The report’s findings serve as a valuable resource for policymakers and investors, highlighting areas for improvement and opportunities for growth in Ghana and across Africa.
