Friday, July 10, 2009

Bono Tells of Ghana's Interests

Wow. Fascinating. All the focus has been on: Why? Why Ghana? Some skeptics say Obama is there because Ghana has oil.
I'd say Bono is dead on. Ghana is a nation of laws, which breeds business and Ghanains want to do business with the U.S. It seems a great opportunity to make Ghana an example of what could happen if nations opt for laws instead of corruption.
Quietly, modestly — but also heroically — Ghana’s going about the business of rebranding a continent. New face of America, meet the new face of Africa.

Ghana is well governed. After a close election, power changed hands peacefully. Civil society is becoming stronger. The country’s economy was growing at a good clip even before oil was found off the coast a few years ago. Though it has been a little battered by the global economic meltdown, Ghana appears to be weathering the storm. I don’t normally give investment tips — sound the alarm at Times headquarters — but here is one: buy Ghanaian. Read the whole thing at NYT