Ghana: Rated 2nd in fastest GDP growth in the world

West African nation Ghana has been rated second in the 10 fastest growing GDP across the world, according to a 2011 forecast by the Economist Intelligence Unit. Eritrea and Ethiopia came fourth and fifth respectively.

The new oil producing country is set to grow by 14% in 2011 while Eritrea is pegged at 10% with Ethiopia at 9%.

The Unit said after avoiding recession in 2008 and 2009, and enjoying the global recovery in 2010, Qatar – which topped the list – is set to grow by 15.8% this year. Strong growth is largely due to its liquefied natural gas (LNG) projects and an expansionary fiscal policy focused on infrastructure.


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