Listen to this episode next: “The Secrets behind Mobile Money's Explosive Growth in Africa: Insights from Pawa Pay's CFO": https://open.spotify.com/episode/0U2GPEUfyPmhtpmlSu3DoZ?si=CPc16FnAQ9-9CBTMscFFZw
Adrian breaks down Ghana's recent top 10 African ranking in the 2026 Best Countries list, according to Business Insider Africa. He explains what this achievement truly signifies beyond the celebration and explores the deeper implications for Ghana's development, entrepreneurs, and global reputation.
Key Topics:
- The methodology behind the 2026 Best Countries ranking, including its focus on governance, economy, health, infrastructure and culture.
- Ghana's position at seventh among African countries, with recognition of its exports and democratic stability.
- Analyzing Ghana's global influence and regional representation, and what it indicates about the country's soft power.
- The concentration of Ghana’s economy in Accra, generating 34-39% of the country’s GDP, and the risks associated with this urban dependency.
- The significance of Ghana’s comparative advantage in sectors like telecommunications, banking, digital services and resources.
- The challenges Ghana faces, such as infrastructure gaps, political stability, and talent retention, despite its ranking.
- The importance of building on the strengths and addressing weaknesses to move beyond rankings toward sustainable growth.
- Lessons from other African nations’ diverse development strategies and what Ghana can emulate.
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Timestamps
00:00 - Ghana's "Top 10" ranking in Africa- celebration or reflection?
01:17 - How the 2026 Best Countries ranking is evaluated: metrics and methodology
01:47 - Ghana's recognition not just by data, but through regional influence and global perception
02:41 - Ghana's strengths: stability, democracy, and private sector ecosystem
03:11 - Challenges: debt restructuring, infrastructure, environmental issues, and talent drain
04:10 - The critical role of Accra in Ghana’s economic contribution and risks of urban dependency
05:37 - What this ranking means for entrepreneurs, investors and the diaspora
06:39 - The future outlook: sectors to watch ( telecoms, banking, digital, AI and more)
07:51 - How Ghana's soft power and storytelling shape its global narrative
08:33 - Lessons from other African countries and the importance of country-specific growth strategies
09:03 - Building an inclusive, resilient Ghana rooted in democratic stability and innovation
09:50 - The real "race": transforming rankings into actionable growth and national pride
10:07 - Outro
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🎙 About the Podcast
The Sound of Accra Podcast was established six years ago by Adrian Daniels in January 2020, on the back of running networking events in Accra and launching a failed online platform for Ghanaian tourists, visitors and business people. The show spotlights Ghanaian Entrepreneurs, Founders and Creatives worldwide with the aim of leaving listeners with meaningful takeaways to apply to life, business and career. The mission is to showcase Global Ghanaian Excellence.
Ghana has made a global ranking, top 10 in Africa and already I could hear people getting
ready to celebrate, sharing the post, adding the Ghana flag emoji, sending it around to
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whatsapp groups but hold on, I want us all to do something differently here.
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Instead of just celebrating for the sake of it, let's actually break down what this means
because if we only celebrate rankings without understanding what's underneath them, we're
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going to keep making the same mistakes as a country, as a city.
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and not as honestly as individuals.
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And this is something I've spoken about in previous episodes.
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I'll leave a link below.
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I'm Adrian Daniels.
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You're now listening to the The Sound of Accra podcast where we showcase global Ghanaian
excellence into the world.
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Today, we're getting into the 2026 best countries ranking from Business Inside Africa,
which puts 10 African countries on the global list.
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We're gonna talk about what this ranking actually means.
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where Ghana generally stands and most importantly, what this means for you.
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Whether you're building a business in Accra, Ghana, investing from that diaspora,
investing in Africa or trying to position yourself for the next three to five years.
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Let's go straight into it.
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Let's be clear about what we're talking about because too many of these conversations
happen without actually reading between the lines.
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The 2026 Best Countries Report from US News and World Report evaluated 100 countries
across eight categories.
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That's governance, economic development, health, civic health, infrastructure,
opportunity, natural environment, culture, and tourism.
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right?
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100 data points.
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This isn't something where you waver a wand and pick your favorites.
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This is an actual framework.
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Now the 10 African countries that made a list are Seychelles, Morocco,
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Tunisia, Egypt, South Africa, Algeria, Kenya, Zimbabwe and Nigeria.
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Now, I found something interesting and nobody's really talking about this.
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Ghana didn't automatically qualify through the quantitative screen.
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The methodology says they expanded to 100 countries and nine additional nations were hand
selected above the data threshold for.
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and I quote, global influence and regional representation.
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Ghana was one of those nine.
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So let me ask you, is that a source of pride or is it a prompt for reflection?
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Because it's kind of both, if I was to say the least.
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means Ghana matters on the global stage, but also means we're not yet dominating on the
hard metrics.
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We were chosen and the difference between being chosen and earning a spot, that gap is
exactly where the work lives.
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So.
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Ghana came up seventh, all right?
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If you're watching on YouTube, you see me highlight the number seven with Ghana next to
it.
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Ghana came in seventh among the African countries on this list.
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The writer recognises gold, it recognises cocoa, it recognises oil exports, alongside
other growth industries such as telecommunications, banking and digital services.
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And I'll agree with that.
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I mean, there's a number of companies I've even mentioned on the Sound of Car podcast that
tie in with pretty much almost all these industries.
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um it note stability and it kind of notes also our democratic track record, uh our open
business environment and things like that.
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And that's real.
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Ghana has something that lot of African countries generally don't have, which is a
reputation for peaceful transitions of power and the functional private sector ecosystem.
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Entrepreneurs from across the continent come to Ghana to set up.
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That's not nothing.
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That's actually a huge competitive advantage, I would say the least.
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that were consistently underestimated.
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But what I would say is that the ranking also sits alongside this reality.
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We've just come through one of the most painful debt restructuring processes in history
and the city has taken hits that have wiped out our real purchasing power for ordinary
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gardens.
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We've had Domsur back, flooding, Galyamse eating our rivers.
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These aren't footnotes.
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These are actual sensual to the story.
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Now Ghana is always holding pride.
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and pressure in the same hands.
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And I think the entrepreneurs and investors who are going to win here are the ones who
understand both sides of that equation, all right?
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Not just opportunity, but also the operational complexity that comes with that.
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So here's the data point I want you guys to hold on to.
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Research supported by the UN Commission for Africa found that Accra generates somewhere
between 34 % and 39 % of Ghana's entire GDP.
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One city.
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So when we talk about Ghana's place in the African ranking, we really mostly talk about
Accra.
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Think about what that means.
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The mobile money infrastructure, which I've spoken about in the previous episode, that
made Ghana Africa's number one ranked mobile money market, that's largely running through
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Accra.
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The FinTech startups, when you think about the real estate boom and Pocasi, East Lagoon,
Tamar, the creative economy, the film industry, the hospitality sector, putting in the
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diaspora from all that is-
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concentrated in and around the city.
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You know, I've done episodes and things like this.
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Accra is not just the capital.
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Accra is the engine.
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And if Ghana is in the top 10 in Africa, then Accra is doing a huge amount of the heavy
lifting to put it there.
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But, and this is the part that keeps me up at night.
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What happens when 34 % of a country's economy is concentrated in one city that floods
every rainy season?
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That struggles with consistent power.
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That's running out of affordable land.
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That's watching its best talent get poached by Rwanda and South Africa.
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I you've heard about, you know, stories about what's happening in South Africa.
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know, Ghanaians having to be rescued from South Africa and they went there because of
opportunities.
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The ranking tells you where you are but it doesn't tell you how fragile the foundation is.
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It's not going to know everything, right?
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Let's face it, as good as data is.
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That part you have to figure out yourself.
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So let me bring this home because this is a business and entrepreneurship show.
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Yes, we showcase global guiding excellence, we'll mainly focus on business and
entrepreneurship and leadership, of course.
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So what does this ranking practically mean for someone listening right now?
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If you're a diasporic investor, this ranking is a good signal.
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It's confirmation that the global conversation about African markets is shifting.
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Ghana is in that list that includes Morocco.
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Even when we look at Morocco, you can also see here that
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Morocco is set to be Africa's next powerhouse, which is very interesting here.
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There's a lot happening in Morocco.
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It also includes Egypt and South Africa.
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Those are markets where serious global capital flows.
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All right, let's face it.
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The fact that Ghana is in the same conversation means the due diligence conversation is
changing.
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Your pitch to international partners slightly got easier.
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You can use that.
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You can leverage that information.
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And if you're building a business in the Kral and Ghana right now, this ranking tells you
that the sectors being recognized are the ones that you should probably focus on, which is
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telecoms, banking, digital services and resources.
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And to even add to that, you know, I've spoken recently about AI, about FinTech, about
clean energy, about property, about agriculture.
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If you're not building any of these spaces, ask yourself why not?
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And what is actual focus?
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If you're a creator,
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or consultant, this is a reminder that Garnet's story is being watched.
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The global Garnet community has a real soft power.
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How we show up, what we build and how we tell our own story matters more than ever before.
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And for everyone, don't let a rite can be the ceiling.
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The question is never just are we on a list?
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The question then becomes, are we building the things that will keep us on it and move us
higher?
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All right.
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Now, one more thing, because I want to...
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bring this to the close because Africa's presence on this list tells a bigger story.
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If you look at the 10 countries, all right, and what they represent, Seychelles wins on
luxury tourism.
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and hyper capita income, which is a small island economy playing to its strengths.
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Morocco wins through diversification, tourism, agriculture, and automated manufacturing,
know, phosphorate exports, things like that.
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And there's now a major AI investment push.
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Egypt wins through strategic geography, natural gas, tourism, and the Suez Canal.
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South Africa wins on industrial depth, that's mining, finance, manufacturing.
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And then you've got Ghana, Nigeria, Kenya,
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Zimbabwe, countries where the resources, the youth, the population, the crater energy and
the entrepreneurial intensity are real, but so are the government challenges and the
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infrastructure gaps.
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right.
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So the lesson here isn't to copy anyone.
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The lesson here is that there's no single script for African development.
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As I always say to people, there's no one playbook for the entire Africa.
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Every country that's doing well is doing well on their own terms.
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Ghana needs to find that and double down on its own terms.
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And I'll argue that
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that those terms are democratic stability, digital infrastructure, and the globally
connected Ghanaian community that sends back more than just remittances, it sends back
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skills, it sends back networks, it sends back capital.
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And once again, I've spoken to people like this who are experts in these very fields, and
you guys can check those episodes out on the Sound of Accra podcast, all right?
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I'll leave some in the link below.
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Right, so here's where I landed this, guys.
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So rankings and mirrors, not just trophies.
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And when you look in this mirror, Ghana looks good, but it's not the destination.
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The destination is a city in a country where the young people from the University of
Medina has real options, where the Coder in the East Legon doesn't have to choose between
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building here and building in London.
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They can build right home in Ghana.
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Where the entrepreneur in Makola has access to capital, is banked, has consistent power
and digital infrastructure that doesn't let them down.
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Where the creative in Osu!
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can build a global brand without leaving the city.
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That's the Gana that deserves not just to be chosen for a list, but to top it.
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So let's celebrate this ranking, you know, as much as I may have talked about some
negatives have gone, let's celebrate this ranking.
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If you listen to this episode, my call to action for you today is just to share this
episode with someone.
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All right.
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And then when we think about it, the real ranking is being written right now, because in
every business decision, every investment, every hire, every product you build and every
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problem you choose to solve, build like the ranking depends on you.
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Because honestly, it really, really does.
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We all have a part.
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to play in this.
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So having said that, I'm Adrian Daniels, you've been listening to the Sound of Accra
podcast, you've been amazing, God bless you.
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Once again, if this episode gave you something to think about, to ponder on, share it with
someone in your network who needs to hear this, who's building, you know, in Ghana or for
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Ghana, investing from the diaspora, and I'll see you the next one.
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Thank you so much for listening.


