Improving the African Economy

Improving the African Economy

Koby Koomson

2.25.2007

Koby Koomson

Former Ghanaian Ambassador to the United States Koby Koomson has worked to enhance trade and investment between the United States and African countries. During his term as ambassador from 1997 to 2001, U.S. investments in Ghana climbed from $67 million to more than $500 million. Koomson assisted in the passage of the African Growth and Opportunity Act signed into U.S. law by President Clinton in 2000. He arranged a visit by Clinton to Ghana in March 1998 – the first time a sitting U.S. president visited the country. The next year, Koomson planned the first state visit to America by a Ghanaian president.

Koby Koomson, former Ghanaian ambassador to the United States, speaks to a classroom of Clinton School students about his history and ties to Arkansas. Koomson talks about his African academic agenda to engage the American business community in the education of African business people. Pointing out that 30 out of the 53 least developed countries in the world are in Africa, Koomson says his goal is to improve the overall well being of people in Africa. Koomson talks about the “capital flight” of money leaving the continent and how to prevent this, resulting in improving lives for the masses. He answers questions from the students about financial assistance for the African youth, the need for credit availability in Africa, and a need for government regulations.