Hmm, the World Bank – not quite the world’s bank – is saying it believes Ghana’s mining and cocoa industries are so well-managed and well-established that they will not be hurt by the emergence of - and focus on - crude oil.
After all these years, the World Bank – not quite the world’s bank – does not understand the Ghanaian culture where novelty gets all the time, attention and money, while old glamour loses all its gloss. Oil & Gas is already the
only leading buzz-phrase in Ghana, no?
Shall we count how many times the World Bank – not quite the world’s bank – has been hopelessly wrong in its reading of the economy, culture, pulse and climate of an emerging economy? Dig in, then, for we’ll be here till Christmas in 2011.
(Picture Credit - Tehrantimes.com)