Closing a business, cost in Ghana
Ghana: Closing a business, cost was 22.0% in 2012. ▬ Flat
Closing a business, cost in Ghana, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in % of estate.
Analysis
In 2012, closing a business, cost in Ghana stood at 22.0%. That is the highest value across all 10 years on record.
The figure is unchanged over ten years.
Over the whole period, closing a business, cost in Ghana peaked at 22.0% in 2003 and was at its lowest, 22.0%, in 2003.
That places Ghana 13th out of 46 countries with data for 2012, putting it in the middle of the range.
Closing a business, cost in Ghana, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 22.0% | — |
| 2004 | 22.0% | +0.0% |
| 2005 | 22.0% | +0.0% |
| 2006 | 22.0% | +0.0% |
| 2007 | 22.0% | +0.0% |
| 2008 | 22.0% | +0.0% |
| 2009 | 22.0% | +0.0% |
| 2010 | 22.0% | +0.0% |
| 2011 | 22.0% | +0.0% |
| 2012 | 22.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.0% | 22.0% | 22.0% | 7 |
| 2010s | 22.0% | 22.0% | 22.0% | 3 |
Countries ranked near Ghana
- 10 Congo, Democratic Republic of the 29.0% compare
- 11 Congo 25.0% compare
- 11 Malawi 25.0% compare
- 13 Angola 22.0% compare
- 13 Benin 22.0% compare
- 13 Egypt 22.0% compare
- 13 Kenya 22.0% compare
- 13 Nigeria 22.0% compare
- 13 Sao Tome and Principe 22.0% compare
- 13 Tanzania, United Republic of 22.0% compare
- 13 Zimbabwe 22.0% compare
More private sector data for Ghana
- Merchandise trade 42.5% (2025)
- Food imports 13.7% (2023)
- Manufactures imports 51.5% (2023)
- Merchandise imports 17.45 billion current US$ (2025)
- Food exports 18.1% (2023)
- Manufactures exports 6.0% (2023)
- Merchandise exports 31.11 billion current US$ (2025)
- Merchandise exports (current US$), per capita 887.14 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2724 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 62.31 % change on previous year (2025)
Frequently asked questions
- What is closing a business, cost in Ghana?
- Closing a business, cost in Ghana was 22.0% in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, cost recorded in Ghana?
- The highest recorded value was 22.0% in 2003.
- What is the lowest closing a business, cost recorded in Ghana?
- The lowest recorded value was 22.0% in 2003.
- How does Ghana rank for closing a business, cost?
- Ghana ranks 13th out of 46 countries with data for 2012.
- Is closing a business, cost rising or falling in Ghana?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Ghana data come from?
- The figures come from World Bank, Doing Business project (http://www.doingbusiness.org/), published as part of Closing a business, cost (% of estate). Statizoid updates them automatically from the source API.
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About this data
The cost of the proceedings is recorded as a percentage of the estate’s value. The cost is calculated on the basis of survey responses by insolvency practitioners and includes court fees as well as fees of insolvency practitioners, independent assessors, lawyers and accountants. Respondents provide cost estimates from among the following options: less than 2%, 2–5%, 5–8%, 8–11%, 11–18%, 18–25%, 25–33%, 33–50%, 50–75% and more than 75% of the value of the business estate. This is the cost of the bankruptcy proceedings. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.