{"id":206052,"date":"2016-04-12T08:01:02","date_gmt":"2016-04-12T08:01:02","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=206052"},"modified":"2016-04-12T08:01:02","modified_gmt":"2016-04-12T08:01:02","slug":"world-bank-predicts-slight-growth-ghanas-economy","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/04\/world-bank-predicts-slight-growth-ghanas-economy\/","title":{"rendered":"World Bank predicts slight growth for Ghana’s economy"},"content":{"rendered":"
The World Bank has predicted that Ghana\u2019s economy will experience some moderate growth this year.<\/p>\n
This is not the first time the World Bank is making such a prediction.<\/p>\n
[contextly_sidebar id=”Sdd6TDjkC2hsRGeR6n0Kv50ceH1psgwd”]In October 2015, it made a similar projection.<\/p>\n
The World Bank attributed increased investor confidence, oil production from new oilfields and solution to the country’s energy crisis as the main reasons that will propel Ghana’s growth this year.<\/p>\n
The World Bank made the revelation in its Group report dubbed Africa Pulse.<\/p>\n
According to the report sub-saharan Africa will grow by 3.3 percent this year.<\/p>\n
Despite the 3.3 percent projected, the World Bank believes the figure will improve in 2017 and 2018.<\/p>\n
It projects that for 2017 and 2018, growth will go up by 4. 5 percent on average.<\/p>\n
According to the World Bank the\u00a0 projected pickup in activity in 2017 to 2018 reflects a gradual improvement in the region\u2019s largest economies like Angola, Nigeria, and South Africa as commodity prices stabilize and policies become more supportive of growth.<\/p>\n