The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Ghana  
Rank: 75 · Score: 45.3  

Basic facts, 2020        
Population (millions) 31.1   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 66.4   M&A volume (quartile) 2nd
GDP per capita (US$) 2,137.5   Venture capital investments (quartile) 3rd
GDP growth (per cent) 3.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 75 49, 51, 53, 51, 50 45.3
1 Economic Activity 66 52, 56, 69, 58, 59 71.2
2 Depth of Capital Market 72 50, 58, 56, 57, 53 39.5
3 Taxation 89 37, 35, 32, 40, 36 84.3
4 Investor Protection and Corporate Governance 66 72, 71, 71, 73, 59 64.5
5 Human and Social Environment 79 50, 50, 42, 44, 46 28.1
6 Entrepreneurial Opportunities 87 41, 41, 35, 37, 38 38.8


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Ghana  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Tunisia 60.1 47.0 102.0 64.5 26.9 55.0
Mauritius 58.1 56.1 96.4 90.4 16.9 39.0
Nigeria 70.5 53.4 64.3 57.6 20.4 42.1
Ghana 71.2 39.5 84.3 64.5 28.1 38.8
Kenya 71.4 31.1 79.8 76.9 26.6 46.2
Namibia 44.6 39.3 85.7 75.2 32.8 33.3
Rwanda 52.6 21.5 96.9 85.4 34.4 35.5
Last updated: 21 Jun 2021