Ghana’s economy is expected to grow by 6 percent, the Economist Intelligence Unit (EIU) predicted in its report released here Thursday.

The report titled “Sub-Saharan Africa: At a Turning Point?” states: “Ghana is a pocket of promise for two reasons: One, short-term economic activity is inspired by developments in the energy sector, and two, ambitious infrastructure development plans support the medium-term agenda.

“Fiscal prudence from the Ghanaian government remains key; the EIU is fairly confident about the administration’s policy direction. The economy is expected to expand by an average of about 6 percent from 2017 to 2021,” the report stated.

The EIU further lists Ghana as one of the countries to watch on the continent saying the country’s economy stands the chance of expanding significantly.

On the overall performance, the EIU put the aggregate economic growth down to about 1 percent in 2016, the slowest pace in over a decade which it attributes to the collapse of commodity prices, tighter international financing conditions and unfavorable weather across parts of the continent in 2016.

The report also examined the opportunities and challenges in six other SSA countries including Cameroon, Cote d’Ivoire, Ethiopia, Kenya, Tanzania and Uganda. Enditem

Source: Xinhua/