The World Bank has released its latest Ease of Doing Business 2019 rankings – an annual report that ranks countries on business-friendliness, procedural ease, regulatory architecture and absence of bureaucratic red tape.
Mauritius topped the ranking in Africa occupying the 20th position with Rwanda taking the 29th spot. The Doing Business Report provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
The report looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
It assessed the countries based on 11 indicators such as starting a business, access to a credit facility, registering a property, access to electricity, paying taxes, protecting minority investors, trading across borders, enforcing contracts and resolving insolvency. Ghana scored 59 percent in the overall assessment.
Four African economies – Togo, Cote d’Ivoire, Kenya and Rwanda – are among the top 10 most improved economies globally. With Djibouti, which makes it to this list for the second consecutive year, Africa occupies half of the top 10 most improved economies list.
Rwanda leads the reform count with 7 reforms; Djibouti and Togo have 6 reforms each; while Cote d’Ivoire, Gabon, Guinea, Kenya, Mauritius and Sudan score 5 reforms each.
New Zealand remained the best country in terms of doing Business followed by Singapore 2ND , Denmark 3RD , Hong Kong4TH, South Korea 5TH, Georgia 6TH, Norway 7THand US, 8THUK 9TH and Macedonia 10TH .
The full report and its datasets are available at www.doingbusiness.org