This year’s UK-Ghana Chamber of Commerce (UKGCC) Business Environment and Competitiveness Survey (BECS) points to the fact that cost of land topped the list as most-declined business component.

Perceptions of corruption however dropped to 5th position, suggesting a slight improvement despite topping the list twice in previous years. This noticeable improvement suggests that advocacy efforts of chambers like UKGCC are making a real impact.

“Rising land prices and double-digit lending rates in Ghana make entrepreneurship costly, limiting expansion and discouraging investment for businesses.”

Availability and access to quality infrastructure (road, railways, air and ports) topped the list, reflecting government’s effort in improving infrastructure – moving from fifth last year to first in this year’s survey.

The survey also revealed that an emergence of political stability and effectiveness signals stronger investor trust and safer capital flows.

The findings suggest that several areas such as government bureaucracy, taxation policy, crime-free environment and security systems, which previously demanded urgent reform, now seem to be better and require continued refinement rather than structural overhaul.

The 2025 UK-Ghana Chamber of Commerce (UKGCC) Business Environment and Competitiveness Survey (BECS) offers a snapshot of Ghana’s business landscape,

This year’s findings reveal a growing sense of optimism among respondents – especially about future growth opportunities. In presenting the 2026 budget to parliament, Finance Minister Cassiel Ato Forson said the economy has rebounded from its worst crisis in a generation and is poised for sustained growth in 2026 as investor confidence returns,

The country’s central bank cut its interest rate, opening a new tab by a record 350 basis points to 21.5% in September – citing sustained decline of inflation and an improving macroeconomic outlook.

The recent decline in interest rates strengthens the investment case. When the cost of borrowing falls, banks gain room to lend, businesses find capital less expensive and investors begin to reassess risk premiums they attach to the market.

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