World bank predicts 7 percent growth for Ghana

World bank predicts 7 percent growth for Ghana

- Ghana is projected to grow by by 7 to 8 percent in 2017 and 2018

- The World Bank says this is due to government's resolve to expand the private sector

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The World Bank has predicted that Ghana's economy will experience massive growth in 2017.

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World bank predicts 7 percent growth for Ghana

Vice president, Bawumia has assured officials of the World Bank that "Ghana is open for business"

Addressing a cross section of journalists in Accra, the World Bank says it remains confident of a growth in Ghana’s economy in 2017.

The bank's country manager for Ghana, Liberia and Sierra Leone, Henry Kerali projected a 7 to 8 percent growth rate for Ghana between the years of 2017 and 2018.

According to him, “the World Bank is expecting that growth in Ghana will be robust in this year and we are forecasting a growth of 6 to 7 percent in 2017 and potentially higher in 2018”.

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The good news by the World Bank follows Ghana's pro-business agenda to boost the private sector and also create the enabling environment for the private sector to thrive.

So far, various international bodies are expressing interest in partnering Ghana to make this economic dream come true.

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The cost of doing business has remained on the low side since government took office after government cut down various "nuisance taxes" crippling the private sector

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