The Growth and Corruption Correlation: Its Impact on the Achievement of Middle Income Status

The massive amounts of flight capital held outside Africa now provide an important opportunity. If this capital could be attracted back it would make a major contribution to development. Increased aid, according to the study, can play a significant role in inducing such a repatriation. So too can improvements in domestic economic policies and political conduct. This provides a further basis for partnership between donors and recipient governments. The just concluded Consultative Group Meeting sought to lay the basis for a new Ghana Partnership Strategy. In his Opening Statement, Mats Karlsson, World Bank Country Director noted the importance of Ghana's pacesetter role:
Not all your neighbours are as fortunate to be able to have that possibility. But that also means that we have a serious responsibility, for Ghana, but also for Africa as a whole.
The challenge is for Ghana to accept to be Aggrey's eagle and soar to middle income status in this decade. We should succeed for both Ghana and Africa.
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