Accra, 04 September 2017 (ACBF) – Ghana’s Finance Minister Hon. Ken Ofori-Atta today commended the African Capacity Foundation for its efforts in strengthening institutional and human capacities in Africa as well as transforming the economies in the continent.
Hon. Ofori-Atta, who is Ghana’s representative on the Foundation’s Board of Governors, gave the commendation while speaking at the opening of the 26th annual Board of Governors meeting of the Foundation holding in the Ghanaian capital Accra.
Over the years ACBF has demonstrated the ability to support capacity building interventions in Africa, which has now earned it the status of the Specialized Agency of the African Union for capacity development.
“ACBF’s contribution to the strengthening of the institutional and human capacities, as well as the socio-economic transformation of our countries, through knowledge production and sharing, technical assistance and financial investments, is surpassed by few,” he said.
He highlighted some of the benefits his country has gained from the Foundation, aside of the fact that Accra is the regional office overseeing West and Central Africa.
According to him, Ghana has in addition received “significant support” from the ACBF which has seen 593 Ghanaians so far received Master’s level training in Economic Policy Management at GIMPA (Ghana Institute for Management and Public Administration) and University of Ghana,” he said. Among the beneficiaries are about 100 senior civil servants who are now contributing their quota to the development of Ghana. Among the graduates is the current Deputy Finance Minister, Mr. Ofori-Atta said.
ACBF has also deepened Ghana’s democracy and economy by giving grants for the recruitment of high-class researchers in top think tanks like the Center for Policy Analysis (CEPA), the African Center for Economic Transformation (ACET), and the Institute of Democratic Governance (IDEG) that it is supporting.
“The government and people of Ghana are especially honored to be hosting this meeting in Accra,” he said, adding that contributions during the forum would generate a new energy in “our collective discussions on African development grounded in capacity building.”
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About the African Capacity Building Foundation
Established in 1991, ACBF builds human and institutional capacity for good governance and economic development in Africa. To date the Foundation has empowered people in governments, parliaments, civil society, private sector and higher education institutions in more than 45 countries and 6 regional economic communities. ACBF supports capacity development across Africa through mobilization and leveraging of resources for capacity development; grants, investments and fund management; knowledge services; promoting innovation in capacity development and capacity development advisory services. The establishment of ACBF was in response to the severity of Africa’s capacity needs, and the challenges of investing in indigenous human capital and institutions in Africa. ACBF interventions are premised on four principles: the centrality of capacity to the development process in Africa; the critical role of a partnership and demand-driven approach in tackling capacity challenges; African ownership and leadership in the capacity development process; and a systematic, sequenced and coordinated approach to the capacity development process that pays attention to capacity retention and utilization. For further information go to: www.acbf-pact.org