• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Ghana ranks 14th on African Industrialization Index

3 years ago
in Agribusiness, Business, Editor's pick, Features, highlights, Home, home-news, latest News, Manufacturing, Technology, Trade, Transport
1 min read
0 0
0
103
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana ranks 14th on African Industrialization Index

Ghana, per the African Industrialization Index developed by the African Development Bank (AfDB), ranks as the 14th most industrially developed country on the Continent.

The country’s current ranking indicates an improvement in its 2010 ranking when it was the 19th most industrially developed country on the African Continent.

In the West Africa sub-region, Ghana ranks among the five most industrially developed countries with the country benefitting from large coastal economies and steady growth.

Alongside Ghana are Nigeria, Senegal, Ivory Coast and Benin which are the other four most industrially developed countries in the West Africa sub-region.

Per the index, the top 10 African countries that are most industrially developed are; South Africa, Morocco, Egypt, Tunisia, Mauritius, Eswatini, Senegal, Nigeria, Kenya, and Namibia.

According to the AfDB, Ghana has been undergoing economic transformation from a commodity-based economy to an industrialised one.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Capitalising on a stable political and economic environment, the government’s industrial transformation agenda has prioritised diversification, support to local industries and SMEs, and value added exports – all part of a strategy to reduce aid dependence.

The government, the AfDB further noted, has introduced measures to improve the competitiveness of domestic manufactures and promote the development of its crafts industry for export.

As a result, Ghana has achieved steady growth in manufacturing value-added, averaging 5% per year since 2016, despite a slowdown in 2020 due to the COVID shock.

The African Industrialization Index (All) and its  underlying sub-indices, measures African countries’ industrial development, which encompasses the performance and competitiveness of manufacturing activity, the potential in terms of inputs for manufacturing sector development, and the readiness of the general environment toward industrialization.

This tool allows any African country to assess and benchmark their development in the sector compared to other countries in the region.

The Index is organised around three dimensions;

• Performance: How well are African countries generating manufacturing output and exports?

• Direct determinants: How well do they direct their endowments (capital and labour) towards industrial development?

•Indirect determinants: How well are they creating an enabling environment for industrialization, including macroeconomic stability, sound institutions and infrastructure?

According to the AfDB, overall, many Afeican countries have made significant gains in their industrial development over the coverage period 2010–2021, with 37 of 52 Regional Country Members improving their AII score.

However, some countries recorded only a marginal improvement, thereby falling in the ranking as the score was not enough to boost it, while others performed satisfactorily.

And only 25 countries improved their rank and 4 remained in the same position as in 2010.

Source: norvanreports
Tags: Ghana ranks 14th on African Industrialization Index
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.