{"id":78318,"date":"2016-05-15T02:15:14","date_gmt":"2016-05-15T02:15:14","guid":{"rendered":"http:\/\/www.sierraexpressmedia.com\/?p=78318"},"modified":"2016-05-15T02:15:14","modified_gmt":"2016-05-15T02:15:14","slug":"sierra-leone-among-top-5-in-west-africa-in-the-world-bank-2016-doing-business-report","status":"publish","type":"post","link":"https:\/\/sierraexpressmedia.net\/?p=78318","title":{"rendered":"Sierra Leone among top 5 in West Africa in the World Bank 2016 Doing Business Report"},"content":{"rendered":"

Freetown \u2013 May 10th<\/sup>, 2016.\u00a0Ahead of Nigeria, Senegal, Guinea and Liberia; the 2016 World Bank Doing Business report has ranked Sierra Leone 4th<\/sup>\u00a0in West Africa.\u00a0The 2016 report is the \u201c13th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it<\/em>\u201d, the World Bank says.\u00a0The World Bank further states that its \u2018Doing Business\u2019\u00a0<\/em>report\u00a0\u201cmeasures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year\u2019s ranking: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency\u201d<\/em>.<\/p>\n

Analysis relative to West Africa\u2019s top three and Sierra Leone\u2019s two neighbours<\/strong><\/p>\n

This year\u2019s report shows that even though Ghana, Lesotho and Cote\u00a0d’Ivoire rank as the top three in West Africa, Sierra Leone performs better than All three in the \u2018Starting a Business\u2019<\/strong>\u00a0category.\u00a0This means that it is easier to start a business in Sierra Leone (with a global rank of 88 in that category) than in all countries in West Africa except Liberia and Senegal both of which rank of 37 and 85 respectively.<\/strong><\/p>\n

In \u2018Dealing With Construction Permits\u2019<\/strong>\u00a0Sierra Leone, with a global rank of 142, is also by far better than Lesotho (172), Liberia (174), Guinea (166) and Senegal 148.<\/p>\n

In \u2018Protecting Minority Investors\u2019<\/strong>; Sierra Leone is also the 3rd<\/sup>\u00a0best, ranking 88 behind Lesotho and Liberia. And while the report shows that in \u2018Enforcing Contracts<\/strong>, Sierra Leone outperformed Ghana by11points, Cote D\u2019Ivoire by 15 points, Guinea by 126 points, Liberia by78 points and Nigeria by 79 points; in \u2018Resolving Insolvency\u2019<\/strong>, Sierra Leone also outpaced Ghana, Liberia and Nigeria.<\/p>\n

Sierra Leone\u2019s weakest points, relative to Ghana, Lesotho and its two neighbours- Guinea and Liberia- are in \u2018Getting Electricity, \u2018Getting Credit\u2019 and in Registering Property\u2019<\/strong>. While it ranks slightly better than Liberia by 2 points in \u2018Getting Electricity and Registering of Property<\/strong>\u2019; it is underperformed relative to Guinea in those two categories by 19 and 13 points respectively.<\/p>\n

In \u2018Paying Taxes\u2019<\/strong>, Sierra Leone also compares relatively better than Cote D\u2019Ivoire, Guinea, Liberia, Nigeria and Senegal much as it does better than Ghana, Liberia, Guinea, and Nigeria in \u2018Trading Across Border\u2019.<\/strong><\/p>\n

In the year on progression, Sierra Leone maintains it 2015 score on the \u2018Enforcing Contract<\/strong>\u00a0and \u2018Resolving Insolvency\u2019<\/strong>\u00a0categories but while it records only a point drop in five of the indicators; it also loses 5 points in the \u2018Starting a Business\u2019 categories, two in the \u2018Getting a Credit\u2019<\/strong>\u00a0and three in the \u2018Registering of Property\u2019<\/strong>\u00a0categories.<\/p>\n

Analysts say Sierra Leone\u2019s performance is commendable given the challenges of Ebola and the fall of the price of its main export \u2013 iron ore. With the strides being undertaken in the electricity sector and with the launch of the E-Governance Platform and the SME Agency by President Ernest Bai Koroma, there is every likelihood that Sierra Leone could perform even better in the 2017 World Bank Doing Business Ranking.<\/p>\n

Source:\u00a0http:\/\/www.doingbusiness.org\/reports\/global-reports\/doing-business-2016<\/a><\/p>\n

Sheriff Mahmud Ismail<\/em><\/p>\n

Stay with Sierra Express Media, for your rusted place in news!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Freetown \u2013 May 10th, 2016.\u00a0Ahead of Nigeria, Senegal, Guinea and Liberia; the 2016 World Bank Doing Business report has ranked Sierra Leone 4th\u00a0in West Africa.\u00a0The […]<\/p>\n","protected":false},"author":4,"featured_media":76732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,673],"tags":[],"class_list":["post-78318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national-news"],"_links":{"self":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts\/78318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78318"}],"version-history":[{"count":0,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts\/78318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/media\/76732"}],"wp:attachment":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}