Closing a business, recovery rate in Ghana
Ghana: Closing a business, recovery rate was 26.9 cents on the dollar in 2012. ▬ Flat
Closing a business, recovery rate in Ghana, 2003–2012
Source: World Bank, Doing Business project (http://www.doingbusiness.org/). Measured in cents on the dollar.
Analysis
Ghana recorded 26.9 cents on the dollar for closing a business, recovery rate in 2012. That is the highest value across all 10 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 6.7% over ten years.
Over the whole period, closing a business, recovery rate in Ghana peaked at 26.9 cents on the dollar in 2012 and was at its lowest, 23.7 cents on the dollar, in 2005.
Ghana ranks 21st of 46 countries on this measure, in the middle of the range.
Closing a business, recovery rate in Ghana, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 25.2 cents on the dollar | — |
| 2004 | 24.8 cents on the dollar | -1.6% |
| 2005 | 23.7 cents on the dollar | -4.4% |
| 2006 | 24.7 cents on the dollar | +4.2% |
| 2007 | 24 cents on the dollar | -2.8% |
| 2008 | 24 cents on the dollar | +0.0% |
| 2009 | 24 cents on the dollar | +0.0% |
| 2010 | 23.7 cents on the dollar | -1.3% |
| 2011 | 26 cents on the dollar | +9.7% |
| 2012 | 26.9 cents on the dollar | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.34 cents on the dollar | 23.7 cents on the dollar | 25.2 cents on the dollar | 7 |
| 2010s | 25.53 cents on the dollar | 23.7 cents on the dollar | 26.9 cents on the dollar | 3 |
Countries ranked near Ghana
- 18 Nigeria 28.2 cents on the dollar compare
- 19 Gambia 27.8 cents on the dollar compare
- 20 Burkina Faso 27.3 cents on the dollar compare
- 22 Ethiopia 25.9 cents on the dollar compare
- 23 Mali 25 cents on the dollar compare
- 24 Niger 21.7 cents on the dollar compare
- 24 Tanzania, United Republic of 21.7 cents on the dollar 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, recovery rate in Ghana?
- Closing a business, recovery rate in Ghana was 26.9 cents on the dollar in 2012, according to World Bank, Doing Business project (http://www.doingbusiness.org/).
- What is the highest closing a business, recovery rate recorded in Ghana?
- The highest recorded value was 26.9 cents on the dollar in 2012.
- What is the lowest closing a business, recovery rate recorded in Ghana?
- The lowest recorded value was 23.7 cents on the dollar in 2005.
- How does Ghana rank for closing a business, recovery rate?
- Ghana ranks 21st out of 46 countries with data for 2012.
- Is closing a business, recovery rate rising or falling in Ghana?
- Over the last ten years it is up 6.7%. 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, recovery rate (cents on the dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The recovery rate is recorded as cents on the dollar recouped by creditors through the bankruptcy or insolvency proceedings. The calculation takes into account whether the business emerges from the proceedings as a going concern as well as costs and the loss in value due to the time spent closing down. If the business keeps operating, no value is lost on the initial claim, set at 100 cents on the dollar. If it does not, the initial 100 cents on the dollar are reduced to 70 cents on the dollar. Then the official costs of the insolvency procedure are deducted (1 cent for each percentage of the initial value). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture. Consistent with international accounting practice, the depreciation rate for furniture is taken to be 20%. The furniture is assumed to account for a quarter of the total value of assets. The recovery rate is the present value of the remaining proceeds, based on end-2006 lending rates from the International Monetary Fund’s International Financial Statistics, supplemented with data from central banks. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.