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Cost of land tops list as most declined business component in Ghana – UKGCC Survey

  Cost of land made its way to the top of the list as the most declined business component in this year's UK-Ghana Chamber of Commerce (UKGCC) Business Environment and Competitiveness Survey (BECS). Corruption, however, dropped to the 5th position, showing a slight improvement despite topping the list twice in previous years. Between 2021 and 2025, the number of respondents who felt key components of the business environment had declined significantly, from four to six out of every 10 in 2021 to just one in 10 by 2025. According to a survey, this sharp improvement suggests that the 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”. Most Improved Business Component Availability and access to quality infrastructure (road, railways, air and ports) topped the list, reflecting the government’s effort in improving infrast...