 |
 |
 |
Corruption in sub-Saharan Africa remains a serious concern for economists, according to the latest Euromoney Country Risk assessment of political risk in the region (covering corruption; government non-payments or non-repatriation; government stability; information access and transparency; institutional risk; regulatory and policy environment). Corruption consistently received the worst risk scores for political factors in most countries in sub-Saharan Africa in 2014. The ECR score is displayed on a point scale, with the highest scores being nearly devoid of any risk, and 0 being completely exposed to all risk.
Euromoney found that overall economic risk in the region has decreased since 2011. However, high scores for Cape Verde, Mozambique, the Central African Republic and Congo contributed strongly to the regional average this year.
In contrast to the downward trend in overall economic risk in SSA, some of the largest economies in the region have seen their economic risk outlook rise, most notably in Ghana, Nigeria and South Africa.
Despite continuing fears over corruption, political risk has followed a similar trend, as economists reduced their risk perceptions of the SSA region.
However on a country level analysis, this trend is far from uniform, with a large number of countries across the region seeing their economic and political scores decline over the past year, especially in Côte d’Ivoire.