Ghana ranked the 9th riskiest African country to do business
Ghana has been ranked the ninth (9th) riskiest country to do business on the African Continent.
The ranking was done by Oxford Economics Africa, an independent economic advisory firm.
The report examines the profits and pitfalls of polarization in each African country, African-led security interventions, and how African countries are financing for the future.
By accessing these three factors, the research can deduce the countries with the highest risk-to-rewards ratio when it comes to conduciveness for establishing foreign businesses.
Nigeria, according to the report, is the riskiest on the Continent taking the top spot in the rankings.
Algeria, placing tenth, was the less riskiest country among the selected top 10 African countries.
| Rank | Country | Risk index |
|---|---|---|
| 1. | Nigeria | 7.65 |
| 2. | Zimbabwe | 7.65 |
| 3. | Ethiopia | 7.64 |
| 4. | DRC | 7.53 |
| 5. | Mozambique | 6.62 |
| 6. | Cameroon | 6.53 |
| 7. | Egypt | 6.30 |
| 8. | Uganda | 6.22 |
| 9. | Ghana | 5.85 |
| 10. | Algeria | 5.85 |
The risk scores for each country stem from the Economic and Political Risk Evaluator (EPRE), a joint subscription platform of Control Risks Oxford Economics Africa.
Control Risks and Oxford Economics analysts rate a series of political and economic risk factors on a scale from 1 to 10, with 10 representing the highest level of risk.
Each political and economic rating is assigned a default weight based on its significance in the country context and its potential impact on business.
The individual political and economic risk variables are then combined, multiplying the rating by weighting into the overall risk rating of a country.
