Ghana’s economy to be 5th fastest growing in sub-Saharan Africa in 2012 – World Bank

Ghana’s economy will accelerate to become the 5th fastest growing in sub-Saharan Africa for the year 2012, according to the World Bank’s Africa Pulse report published October 4, 2012.

The report is projecting Ghana’s economy to grow around 7% this year, having the same growth rate with Ethiopia.

Countries ahead of Ghana, the report showed, were Sierra Leone, Niger, Angola and Rwanda.

A data presented in the report indicated that Ghana’s economy will expand faster than India and Brazil.

Ghana recorded 14.5% economic growth in 2011, becoming the fastest in sub-Saharan African and was among the world’s top ten fastest growing economies in that same year.

By Ekow Quandzie