Ghana's economy to be 5th fastest growing in sub-Saharan Africa

Ghana will be the fifth fastest growing economy in sub Saharan Africa this year. That’s according to the latest World Bank report dubbed ‘Africa Pulse’.

According to the report, the Ghanaian economy is expected to grow a little above seven percent. Sierra Leone, Niger, Angola and Rwanda will become the first four fastest growing economies in Africa in that order.

The Ghanaian economy was earlier projected to grow at 7.1 percent this year according to provisional estimates by the Ghana Statistical Service.

Speaking to XYZ BUSINESS, Head of Economics Statistics, Ebo Duncan said the projections are achievable.

Meanwhile, sub Saharan Africa is expected to grow at 4.8 percent this year, virtually unchanged from the 4.9 percent recorded last year.

Except South Africa, the continent’s largest economy is forecast to rise to six percent.