Closing a business, cost (% of estate) in Ghana
Ghana: Closing a business, cost (% of estate) 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 (% of estate) 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% |
Ghana compared with similar countries
- Ghana's 22.0% is above the median for lower middle income countries, which is 18.0%, 1.2× the median. (23 countries reporting)
- Ghana's 22.0% is above the median for Sub-Saharan Africa, which is 20.0%, 1.1× the median. (41 countries reporting)
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 Democratic Republic of Congo 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 22.0% compare
- 13 Zimbabwe 22.0% compare
More private sector data for Ghana
- Merchandise trade 42.5% (2025)
- Food imports 13.0% (2025)
- Manufactures imports 58.0% (2025)
- Merchandise imports 17.45 billion current US$ (2025)
- Commercial service imports 14.40 billion current US$ (2025)
- Food exports 19.7% (2025)
- Manufactures exports 5.8% (2025)
- Merchandise exports 31.11 billion current US$ (2025)
- Commercial service exports 10.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 887.14 current US$ per person (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/.