"Ghana’s productivity score inch up to 14.4; below African average of 27.2"

" Ghana's productivity score inch up to 14.4; below African average of 27.2 \r\n\r\nGhana's productivity score as of 2020 inched up to 14.4.\r\n\r\nThis is according to the African Transformation Index (ATI) 2023 report, released by the African Center for Economic Transformation (ACET).\r\n\r\nPer data provided in the ATI 2023 report, Ghana's productivity score increased by 0.1 in 2000 and then further by 2.3 in 2010.\r\n\r\nDespite the growth in Ghana's productivity score, the country's productivity score is still way below the African average productivity score of 27.2.\r\n\r\nPer the ATI 2023 report, productivity increases measures the value added per unit of labor in agriculture, manufacturing and construction, and services.\r\n\r\nThe report notes that productivity increases remain vital for Africa\u2019s post-pandemic recovery and long-term prosperity.\r\n\r\nIt further states that, high and growing labor productivity is the basis for high and growing incomes, which are in turn a source for transformative investments and consumption. Yet despite recent improvements, labor productivity remains low in many African countries\r\n\r\nAccording to the report, the pathways for higher productivity increases include making gains through land reforms and labor-intensive models.\r\n\r\nIt also notes that, many early transformers and some African economies have enabled large-scale, more profitable farming by improving land governance and administration.\r\n\r\nOther pathways include labor-intensive models that boost employment in highly productive industrial sectors as well as favorable policy environments that attract independent power investors.\r\n\r\nThe 2023 ATI report encapsulates data spanning from 2000 to 2020, deploying a three-year moving average for scores. All scores are calibrated on a scale ranging from 0 to 100, where a score of 0 symbolizes a lack of transformation, and a nation attaining a score of 100 is considered highly transformed.\r\n\r\nThese scores facilitate not only the assessment of individual countries\u2019 transformation journeys over time but also cross-country comparisons to inform informed decision-making."

"Ghana’s productivity score inch up to 14.4; below African average of 27.2"

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