Ghana’s Economy to Grow 7%

The World Bank is confident of a rebound in Ghana’s economic growth this year. The bank has projected a growth target of 6 to 7% for 2017, Ghanaweb reported. It is however expecting the figure to inch up higher in 2018 and subsequent years. The 6 to 7% growth target by the World Bank is also higher than the government’s growth projection of 6.3%. “We expect that growth in Ghana will be robust in this year and we are forecasting a growth of 6 to 7% in 2017 and potentially higher in 2018,” the country director for Ghana, Liberia and Sierra Leone World Bank, Henry Kerali, told a news conference. Meanwhile, the World Bank International Development Association has agreed to inject $1.2 billion into the Ghanaian economy in the next three years. The money will go into budgetary support and support for special social intervention projects. The IDA has pledged to support poor countries with $75 billion.