Ghana to become fastest growing economy in the world

pulse-ghana admin 11:14 - 05 February 2018

The World Bank forecasts that Ghana will be the fastest growing economy with growth rate of 8.3%

Growth in the Sub-Saharan Africa region is expected to pick up by 3.2 percent in 2018 from 2017s 2.4 percent.

The World Bank's Global Economic Prospects forecasts that Ghana expected to be the fastest growing economy in the world with a projected growth rate of 8.3%.

The West African country is followed closely by Ethiopia which is expected to grow at 8.2%.

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The New Year seems to be a good year for Africa as Cote d'Ivoire, Djibouti, Senegal and Tanzania join Ghana and Ethiopia in the top 10 with Cambodia, Bhutan and Philippines completing the top 10.

According to the World Bank, Sub-Saharan African is on a recovery journey, which is boosted by improvement in commodity prices and implementation of economic reforms and dynamism in debt restructuring and profiling.

The entire Sub-Saharan economic growth is expected to increase by 3.2 percent in 2018 from last year’s 2.4 percent.