Ghana: Fastest Growing Economy in the World
In 2019, Ghana will have the fastest growing economy in the world. The Gross Domestic Product (GDP) is expected to grow at 8.8% this year.
Just three decades ago, Ghana was in crisis; impoverished and suffering famine, it was on the verge of economic collapse. Fast-forward to the present day, the West African nation has staged a remarkable comeback and is predicted to be the world’s fastest growing economy in 2019.
Long known as one of the world’s largest cocoa producers, Ghana’s growth is now being buoyed by a different commodity: oil. Expanding crude production and rising prices have placed Ghana’s economy at the top of the GDP growth tables. The International Monetary Fund estimates GDP will rise 8.8% this year – double the pace of emerging economies as a whole, and well ahead of world growth. Read more
2 Comments
by Ben Karsson
Refreshing to hear economic news where Africa Ghana is leading positive growth!!!
by Dedani
This is great for Africa, we need more information about how African economies are growing.We need more Africans on the Forbes list owning and controlling our own economies.
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