Welcome to Africanews

Please select your experience

Watch Live

Business

business

Africa's Growing and Declining Economies

Africa's Growing and Declining Economies

Ghana

On this week’s edition of Business Chronicle we looked at latest International Monetary Fund (IMF) report which indicates that Ghana will be the fastest-growing economy in the world this year.

In the report, the IMF predicts that Ghana’s economy will grow at 8.8 percent in 2019, a rate it says is the fastest in the world.

Caleb Ato Dadson a senior Analyst based in London said the main factor driving the economy is the recent oil prices the world is experiencing and the recent development in the oil sector in Ghana.

We also looked at Zimbabwe treasury statistics which shows that economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation.

View more