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Ghana Economy May Grow 20% on Oil, Gold, Cocoa, World Bank Says

Ghana’s economy may expand by 20 percent this year as the start of oil production for export, along with high prices for cocoa and gold, boost revenue, according to the World Bank.

“First-quarter growth was 23 percent and oil, gold and cocoa have since enjoyed very high prices on the international market,” Dante Mossi, senior operations officer of the World Bank’s office in the West African nation, said in an interview in Accra, the capital, on Sept. 9. “The trend will follow.”