• 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

Ghana’s diversification score declines to 26.8, lags behind African average of 38.6

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Manufacturing
1 min read
0 0
0
191
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

Ghana’s diversification score declines to 26.8, lags behind African average of 38.6

The African Transformation Index (ATI) 2023 report, released by the African Center for Economic Transformation (ACET), reveals a notable decline in Ghana’s diversification score for the year 2020.

The diversification score, a pivotal metric, stood at 26.8, reflecting a substantial reduction of 17.2 points from its 2000 score of 44.

This decline places Ghana’s diversification score below the continental average, which stands at 38.3 for African economies.

Diversification, as gauged by the ATI, gauges an economy’s capacity to produce and export a broad spectrum of goods and services. The ability to diversify is considered a fundamental facet of economic transformation.

In stark contrast, many African economies remain confined to a limited range of commodity production, failing to harness the potential of diversification. This limited scope is particularly evident in their over-reliance on the export of a small number of primary products.

The Diversification dimension within the ATI report assesses diversity in production and exports through four critical indicators: manufacturing, services, export concentration, and export sector diversification.

The report advocates for strategies aimed at enhancing diversification, including the shift from commodity dependence to value addition.

Successful models have been observed in economies that have realigned production and export structures, fortified technological and industrial capabilities, and transitioned toward higher value-added products.

These pathways to economic diversification have been particularly effective for early transformers in Asia, Latin America, and select African countries.

The decline in Ghana’s diversification score underscores the importance of implementing strategies that foster a more diversified and resilient economic landscape, reducing the country’s vulnerability to external shocks and enhancing its long-term economic stability.

Tags: diversificationghanaGhana's diversification score declines to 26.8lags behind African average of 38.6
No Result
View All Result

Highlights

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

Value of Mobile Money Transactions Hit GHS 323.2bn in June

Alex Mould Questions BoG’s 25% Policy Rate Amid Ample Market Liquidity and Falling Inflation

Chamber of Agribusiness Calls for Sector-Wide Price Cuts and Urgent Government Support to Curb Food Crisis

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

Trending

Features

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

August 4, 2025

Ledecky's Heroics Highlight Underwhelming US Campaign at World Aquatics Championships Katie Ledecky once again showcased her extraordinary...

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

August 4, 2025

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

August 4, 2025

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

August 4, 2025

Value of Mobile Money Transactions Hit GHS 323.2bn in June

August 4, 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.