Not India, but Ghana is poised to become the world's fastest growing economy. The African nation is projected to register a growth between 8.3 and 8.9 per cent in 2018.

While for India, which registered a GDP growth of 7.2 per cent in December quarter, World Bank report has predicted a 7.3 per cent growth in 2018-19 and about 7.5 per cent growth in 2019-20.

Ghana surpasses India's growth on various levels. Analysts attribute the stellar growth prospects to the country's oil production. The oil-rich nation also heavily dwells on its cocoa production, which has been inadvertently fueling its economy.

ALL FOR BLACK GOLD

With Ghana registering a continual growth, it is also becoming a potential destination for investors from world over. Ghana's President Nana Akufo-Addo in a recent state address said that agriculture is the backbone of his development agenda.

The Ghanian president had earlier pledged to channelize the revenue generated through oil for investments in quality education, agriculture, and manufacturing.

In the last two years, Ghana started oil production in two of its major oil fields giving impetus to its ongoing economic boom.

Despite the fascinating statistics, much like India, many in Ghana too feel left out of the economic boom. Ghana continues to suffer from unemployment. Adding to its woes, the African nation has witnessed a population surge of nearly 1 million in the last decade.

INDIA, CHINA TRAILING

Earlier this month, India outpaced China as the world's fastest growing major economy with its 7.2 per cent GDP growth for October-December quarter compared to China's 6.8 per cent. The higher-than-predicted GDP growth came as a breather in wake of the aftermath of demonetisation and GST rollout.

On the other hand, China's economy is expected to slowdown. World Bank has forecast a 6.4 per cent GDP growth in 2018 and about 6.3 per growth in 2019 for China.