ICTD Research in Brief 24
There is a growing interest among policy makers to cut red tape in government regulations in order to help improve the performance of businesses and create more jobs. However, most businesses, especially in Africa, still face challenges in meeting various government regulations that contributes to higher compliance costs. Compliance costs are the extra costs incurred by businesses in the process meeting various government regulations. Although previous studies looked at the effects of compliance costs on firms performance, little is understood to what extent the different regulatory burdens contribute to overall compliance costs.