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.
…
