Ghana’s economic growth accelerated to an annual 23 percent in the first quarter as the West African nation began producing oil for export and the inflation rate fell for a third month in may 2011, reaching 8.9 percent.

The World Bank too has projected that Ghana will be the fastest growing economy In sub-Saharan Africa, with overall growth rate of 13.4% in 2011.

The economy of Ghana was listed as The World’s Fastest growing Economy in 2011 In economic research led by Economy Watch with data coming from the IMF tracker of GDP growth in constant prices in the national currency, with an economic growth predicted to be about 20% in 2011 and Ghana remains as one of the more economically sound countries in all of Africa.