Ghana to record one of the highest GDP growth rates in Africa by end of year – World Bank

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The latest World Bank report on economic outlook for 2020 has predicted that Ghana’s economy will grow by 6.8 percent by the end of the year 2020, ABC News can report.

According to the report, this would make Ghana the third country in Africa to record the highest GDP growth rate for this year after Ivory Coast and Rwanda.

The report further states that Rwanda would record the highest economic growth in Africa with an 8.1 per cent growth margin, followed by Ivory Coast with a 7.1 per cent margin and Ghana, which is projected to end the year with an economic growth of 6.8%, same as that of Senegal.

Analysts are of the view that even though growth has slowed for Ghana in the past few months, the country still stands out as one of the best on the continent and is expected to meet the 6.8% growth margin by the end of the year.

The World Bank has however raised concerns about the rising debt stock in the region saying the situation could impact negatively on economies in Africa if the necessary steps are not taken to address the challenge.

 

Source: ABCNewsgh.com

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