Day 15- Leaving Ghana

Day 15-Our Last Day
Day 15 was busy and we had two important meeting before our 10:40 p.m. flight.
I suppose it is time to reflect on lessons learned.
First, having connections and a car (with a driver) are almost necessities.we can't overemphasize the value that Mr. Mahdi Abdullah had on this trip in providing all three.Thanks. We hope that the lessons learned, people we met, and discussions we have had will lead to something that will benefit your country. (Thanks again Mukthar).
Second, there are so many things that happened before and during this trip that seem to me to be way beyond coincidence. The latest one being the discovery that Mr. Mahdi, and the Paramount Chief we met yesterday were once next door neighbors. For the record, the trip to the Agogo was planned independent of Mr. Mahdi, in fact weeks before we had even met him. We just learned that last night that they had been neighbors, when we went to Mr. Mahdi's house. So I have to give credit to that Force that made all this happen and pulled so many people together. That is something I will never forget.

Our last day in Ghana
We started off the day meeting with Dr. Danso-Manu downtown in Accra.She handed over two USB sticks full of data on soil maps and rainfall data. It was nice to get the data in hand literally. She physically goes out and gathers the data with USB sticks.We were hoping to get at least half the 40 stations in Ghana that we had identified. Unfortunately, we only got 12 weather stations. Dr. Danso-Manu apologized, but the people she was working with had not gotten all the data input. Evidently, they are still transferring some paper data to electronic format for several of the stations. Well, it was good to have to get started.A little disappointing but at least we have some preliminary data to work with.

We then met with the Director of Research for APEX Bank again. This time formally and in detail. He and his staff were very receptive. We went through what we had learned travelling across the country, about the lack of credit for farmers.He understood that the rural banks are reluctant to loan to farmers because of the risks. He was a bit concerned about whether we would be able to get the data. I told him about the data we had collected, and the data that exists at KNUST and he was thrilled to learn that. I still had some concerns myself, given that we didn't get all the data we wanted either. While I was talking, my phone kept ringing. I ignored it the first two times since I didn't want to ruin the moment there with the APEX folks, but the third time I answered. Incredibly, it was Dr. Danso-Manu with more data.On her way home in a taxi she got a call that 17 more stations were now ready.I relayed that to APEX and they were as pleased as I was to hear the news. She brought another USB stick to us while we were there at APEX. (APEX told me how important this was to them. They had even travelled to India and met with people from other countries to try and develop something like this but the data was always the rub. (I realize that for investors to have confidence they are going to want the data ready and easily accessible.I think that his is just a transitional time and I expect that in a year or so, it will be easier to access.In the mean time, I am accepting (and if I am honest, benefiting from) the mysterious and arcane way is gathered. That will change in the near future I'm sure.

We ended the meeting with APEX agreeing to write a letter of support for us in our future proposals, and wants to introduce us to the Ministry of Agriculture in Accra.They made a contingent agreement to run a pilot for a product with reduced limits of financial exposure to see how the product performs. In addition to a simulation, I think a pilot with lower limits might work, and local insurance companies might actually be willing to underwrite that initial pilot.

We finished the formal day at 3 in time to get in some last minute shopping. Needed to catch up on shopping for a few little items to bring back from Africa before heading off to the airport.

Tomorrow we arrive in London at 7 and then take a bus two hours to Cheltenham to meet the CEO of Micorinsurance Agency -Microensure. They are the insurance part of Opportunity International based in Chicago and with microfinance offices around the world.

Faithfully Submitted,
Jim