New World Bank report projects 4.5% economic growth rate for Ghana

The country will record a 4.5 percent economic  growth rate for this year, according to World Bank's report on economic prospects for countries around the world.

The projection by the World Bank is far higher than government's own estimates  of 3.9% for this year.

If the prediction by the World Bank is anything to go by then government should be assured a little pickup in economic activities.

The growth, according to the bank, will create more employment and improve revenue for government.

The World Bank is also recommending a freeze on public sector wage increase.

The report notes because of current challenges with Ghana's economy government may have challenges in its ability to maintain the hike as efforts to clean the payroll.

The Bank is also prescribing cuts in government expenditure in less productive sectors of the economy.