The survey’s findings level to a number of encouraging patterns.  For example, respondents famous progressed get entry to to high quality infrastructure and decrease telecommunication prices, reflecting ongoing startup creator and reforms in those spaces.  Businesses additionally reported more potent finance capacity throughout organisations, expanding adoption of complicated business model, and larger self assurance within the balance and effectiveness of the political gadget following the 2024 basic elections.

These sure adjustments are contributing to extra predictable working prerequisites and progressively making improvements to competitiveness.

However, in spite of those sure signs, respondents famous that gain remains to be constrained.  57% of companies highlighted the prime price of land as a big obstacle to enterprise development, whilst the price of equipment (57%), and business model (56%) stay vital considerations.  Locally sourced uncooked fabrics had been cited as more and more dear, affecting manufacturing and pricing choices, in particular within the production IT.

Although get entry to to originality has progressed in most cases, small and medium-sized enterprises nonetheless face difficulties securing inexpensive financing.  Power provide reliability has bolstered, however power stays a pricey part of doing company.

On the governance entrance, respondents reported vital growth within the regulatory setting in comparison to final 12 months, a mirrored image of presidency’s rising dedication to strengthening transparency, predictability, and general company potency.

They counseled executive for its reforms aimed toward simplifying company registration and tax compliance, in addition to the noticeable innovation in curtailing corruption and bureaucratic delays—problems that in the past eroded investor self assurance.

Priority Areas for Action

The 2025 UKGCC BECS document identifies a number of precedence spaces that require sustained collaboration between executive and the personal IT.  These come with decreasing the price of vital manufacturing inputs, increasing get entry to to inexpensive financing, strengthening startup creator coverage, and pursuing deeper regulatory and tax reforms.

Businesses surveyed additionally emphasized the desire for additional digitalisation of public services and products to scale back paperwork and referred to as for better give a boost to to lend a hand corporations take complete benefit of prospects underneath the African Continental Free Trade Area (AfCFTA).

Respondents additional wired the significance of persevered startup creator in technical and tertiary training to construct a team of workers able to assembly Ghana’s long term business wishes.

Commenting at the findings, Anthony Pile, MBE, Chairman of the UKGCC’s Executive Council, remarked that “the 2025 edition of the survey is particularly significant as it reflects the sentiments of businesses during a period of transition and recovery.”

He famous that whilst Ghana’s economic system is appearing indicators of balance, structural problems such because the prime price of land, business model, equipment and uncooked fabrics proceed to impede gain.  He emphasized the desire for focused interventions to make certain that companies — particularly small and medium-sized enterprises — are totally in a position to harness rising prospects.

For his section, Vish Ashiagbor, Country Senior Partner at PwC Ghana, a UKGCC Platinum member organization and specialists/advisors for the document, additionally described the consequences as indicative of a cautiously making improvements to company local weather.

He highlighted the significance of persevered collaboration between policymakers and the personal IT, noting that deeper reforms can be crucial to handle long-standing bottlenecks, reinforce investor self assurance and maintain inclusive gain.

About the Survey

The UKGCC’s annual Business Climate and Competitiveness Survey was once first introduced in 2019 and has been carried out once a year since then.  The major function of the survey is to extend the figuring out of prospects and demanding situations that the Ghanaian creativity items for UKGCC individuals and companies in most cases, whether or not massive or small, new or previous, and throughout all sectors.

The survey supplies a platform for companies to supply key comments at the well being, self assurance, intentions, and problems of companies in Ghana and subsequently, serves as the basis for the UKGCC’s advocacy paintings.

The 2025 version supplies a complete research of a number of necessary indications of the present company local weather, as perceived by means of companies, providing a data-driven take a look at the movements shaping the company panorama. 

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.