The Growth and Corruption Correlation: Its impact on the achievement of middle income status

I INTRODUCTION That corruption adversely affects economic development has become commonplace knowledge. Corruption damages economic development and keeps people poor. As Vaclav Havel, former Czech President (October 2001) observed: Corruption may either deter investment or render it less productive through its adverse impact on the risk and cost of doing business. There appears to be worrisome evidence of a perception of high levels of corruption as well as tolerance for corruption in Ghana. The recent four-urban …

…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.