Nov 21, 2011
Ghana’s recent recalculation of its GDP led to an overnight $500 per capita jump, putting in motion unexpectedly rapid graduation from the International Development Association (IDA) and ultimately a new relationship with the World Bank. In this week’s Wonkcast, I speak with Todd Moss, vice president for programs and senior fellow at CGD, about his recent trip to the newly categorized lower-middle income country, the implications of IDA graduation, and a sudden influx of oil wealth.
Why Ghana? Todd explains that the country was the first country in Sub-Saharan Africa to gain independence from colonial rulers after World War II and a pioneer in making the transition to a stable democracy. Many in Africa and elsewhere therefore look to Ghana as a harbinger of things to come for the region. Graduation from IDA may be similar in this way, since many African countries are enjoying moderate-to-high sustained growth and will soon breach the IDA income ceiling of $1,175 GDP per capita. Read a full show summary on the Wonkcast site: cgdev.org/wonkcast.