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Ghana set to become fastest growing economy in 2011 - World Bank

Accra, Jan. 13, GNA - The World Bank has projected that Ghana would be the fastest growing economy in Sub-Saharan Africa, with growth rate of 13.4 per cent in 2011, dropping to 10 per cent in 2012.

Launching the Bank's global economic prospects report via a video-conference on Thursday, Mr Andrew Burns, Manager of Global Macroeconomics in the World Bank's Prospects Group, said Ghana was still in position to register strong economic growth without the oil sector, particularly in construction services as large infrastructure projects were being undertaken.

He said, Ghana's economy benefited from strong rebound of both volumes and prices of gold and cocoa, increase in tourism, and higher household and government spending last year, with growth rate estimated at 6.6 per cent in 2010.

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