Showing posts with label bono ghana. Show all posts
Showing posts with label bono ghana. Show all posts

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