Ghanaian Times
Bauxite reserves will contribute in improving Ghana economy
Edited by : AL CIRCLE
1 min read
Many international financial institutions continue to paint a positive outlook for Ghana’s economy, citing improved macro-stability, high commodity prices.
The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic Bank Ghana, which predicted a strong 16.3 per cent growth for 2011.
Countries such as Brazil, Russia, India and China, and other emerging economies will demand bauxite among other minerals which Ghana is blessed with. With the prices of these minerals going up, Ghana is sure to rake a lot of revenue from that sector.
The latest bullish assessment and positive outlook for the country’s economy comes from the report of Standard Batik, parent company of Stanbic Bank Ghana, which predicted a strong 16.3 per cent growth for 2011.
Countries such as Brazil, Russia, India and China, and other emerging economies will demand bauxite among other minerals which Ghana is blessed with. With the prices of these minerals going up, Ghana is sure to rake a lot of revenue from that sector.
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