Findings from the UK- Ghana Chamber of Commerce’s (UKGCC)  2020 Business Climate Survey Report indicate that Ghana’s business environment is generally challenging, encumbered by such factors as limited access to capital, logistics partners and other service providers, quality infrastructure; tedious and onerous government processes; taxation policy; and regulatory framework.
 
Covering a variety of themes, the survey sought to capture the perception of businesses on recent policy and regulatory developments, economic and investment outlook through the analysis of ten business environment components.
 
The survey also assessed the performance of businesses in the wake of the global COVID-19 pandemic and the preparedness of businesses for the opportunities presented by the African Continental Free Trade Area (AfCFTA.) 
 
Respondents, however, cited access to telecommunication facilities, utilities (water and power), security, crime-free environment and the effectiveness of the legal system; and quality labour as ameliorating factors to doing business in Ghana.
 
The Report recommends increased efforts in addressing both access to and cost of capital to enable businesses increase production and recover faster from COVID-19 shocks.  It also recommends lowering of taxes to lessen the burden of operational costs to attract more investments; and continued dialogue with the private sector to ensure they thrive under the AfCFTA.