PROFESSIONAL EDUCATION 
with Dr Robert K Glah,
LLB (Hons) [London]; LLM [London]; PhD [London]; of the Inner Temple, Barrister; Solicitor and Advocate of the Superior Courts of Justice, Ghana Director London Graduate School of Law, London.

WHICH CONSTITUTION in the world was based on the dead European Union Constitution? African Union Constitution! The African Echo echoes the benefits of the alternative United African States (UAS) Constitution for about 800 million Africans of which about 162 million are resident abroad outside Africa due to the international brain drain. The true vehicle for development we need is United African States (UAS) and not African Union (AU). The AU is like an African Trades Union without an overriding constitutional framework for development of Africa. The AU born in the year 2000 like the Organisation of African Unity (OAU) created in 1964, which preceded the AU, contributed nothing to the constitutional and economic development of Africa. This is due to the inconsistency of African leaders and their economic and constitutional consultants. That 20th century ignorance is enshrined in the Constitutive Act of the African Union signed and ratified by the 53 Heads of State and Government of Member states of the Organisation of African Union, excluding Morocco. Investment stability in the USA, UK, EU, Japan, and China did not depend on the IMF, the World Bank, G8 nations or the WTO prescriptions. Spontaneous it emerged. Africa is in the 21st century. 

Africa must be specific. 
Africa is in the age of knowledge economy. The 54 member states of Africa still believe Africa is not mature to constitute the United African States (UAS). Hence they describe their association in being as African Union, derived from the dead European Union Constitution, instead of the dynamic United African States (UAS) Constitution. 

The United African States (USA) must have a living Constitution based on universal suffrage and economic development framework based on African Legislative Assembly elected by the people, the African Cabinet headed by an elected ececutive President of Africa and African Court of Justice (ACJ) responsible for the interpretation and application of the supranational laws of the UAS and enforcing the rule of law. The ACJ judges must be elected by the people in order to guarantee their judicial independence, integrity and the rule of law. Once the three vital organs of the UAS Constitution are created by amending the Constitutive Act of the African Union and setting aside the sacred elephants, true development can occur in Africa. The President of the UAS will then be empowered to administer the UAS by establishing investment confidence, the rule of law, corporate governance, financial governance, competition governance, taxation policy, and conflict resolution procedures throughout the UAS. 

The rationale of the United African States (UAS) is that it saves costs of the administration of Africa because of the economy of scale. Standardisation of contracts, legal instruments, administrative laws and the best practice will prevail throughout the seven aspects of investment. In absence of these UAS constitutional reforms, the African continent is throwing into the deep-blue sea about $500 billion of Africans every year because of the inelegant mindset of African leaders and their legal and economic consultants. Besides, Africans will become professionally trained in the seven aspects of the global investment system and unemployment and absolute poverty will be banned from Africa forever. 

What is money?
Africa must seek to trade and not to be receiving aid and it must have a single currency. Money is a medium of exchange, and a measure of value, and must be scarce and portable. Only primitive people do not need money because they had no need to trade with money. They were content with barter. Africa is not a primitive continent. Money is a medium for storage of value. Hence Africa can issue development bonds for 50 years or more. Africa has no financial market because it has no single currency. An African financial market under one African Central Bank (ACB) will provide the fundamental solution for development in Africa. A common interest rate can be fixed. The current interest rate in the United States is 4% as at 1st November 2005. The current interest rate in the UK is 4.5% as at August 2005 and it could go down to 3.5% any time from now in line with UK inflation now at 2.3% in October 2005. The Euro zone interest rate was fixed by the European Central Bank at 2% since June 2003. Inflation in the Euro zone was at 2.5% since October 2005. 

In contrast, the inflation rate in Ghana in the year 2001 was 50% and now reduced to 14% in 2005. The Ghana interest rate was at 52% in the year 2001 now reduced to 22%. All countries use monetary and fiscal policies to balance their public finances. 
The G8 nations shamefully promise to return US40 billion by way of debt forgiveness to some African states including Ghana. That money should not be used for consumption but should be invested in a Public Private Finance Initiative (PPFI) Projects. These projects should include Hospital Projects, Tema Harbour Project, Ghana Telecom and Internet Project, Ghana Water Projects, Ghana Building Industry Projects, Education Projects, Ghana Airways Project, Ghana Railways Project, etc. 
Professional education response is needed for all Africans and citizens of the world. Come over to the London Graduate School of Law (LGSL) to share our vision and dynamics in all the seven aspects of the global investment system for stability and a better quality of life in the United African States (UAS).