Ghana slipped just one place on the latest FIFA ranking for the month of July despite crashing out at the Group stage of the 2014 World Cup.
The Black Stars are now ranked 38th in the world with and have also dropped down one place in Africa.
Ghana are now in fifth place behind new Algeria, Cote d’Ivoire, Nigeria and Egypt.
Four-time world champions Germany are reaping the rewards of their triumph at the tournament and lead the table for the first time in around 20 years, followed by Argentina and the Netherlands.
The Netherland’s third-place finish at the World Cup has propelled them 12 positions up the table and back into the top ten.
All of the teams that exited the World Cup in the quarter-finals have climbed up the ranking: Colombia (fourth, up four), Belgium (fifth, up six), France (tenth, up seven) and Costa Rica (16th, up 12 – the Ticos’ highest-ever ranking).