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Home | Media | News | Ghana to host the 29th Annual Meetings of the Board of Governors of the African Capacity Building Foundation

Ghana to host the 29th Annual Meetings of the Board of Governors of the African Capacity Building Foundation

Accra
Ghana
28 Feb, 2020

The African Capacity Building Foundation (ACBF), the African Union’s specialised agency for capacity development will hold its 29th Annual Meeting of its Board of Governors during the African Union’s Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration, running under the theme, “Leveraging the 4th Industrial Revolution in Addressing Youth Unemployment”. This Board Meeting will take place between 13 and 14 March 2020 at the Accra National Conference Centre.

The Board of Governors of ACBF consists of Ministers of Finance and/or Economic Planning from its 40 African Member states as well as representatives of its bilateral and multi-lateral members. The Constitution of ACBF provides for one annual meeting of Governors to review ACBF’s work and provide short to medium term strategic direction. The annual meeting includes high level forums which provide a platform to deliberate on key issues affecting Africa’s growth and development. In addition to the main theme, the meeting will provide a platform to deliberate on key issues affecting Africa’s growth and development such as;

  • Designing the work skills for the future;
  • The role of government and regulatory frameworks for the 4th Industrial Revolution;
  • Harnessing 4th Industrial Revolution for effective taxation and governance; and
  • Financial technology, digital currency and financial inclusion.

There will also be a presentation of the report from the High-Level panel on Illicit Financial Flows, which will be delivered by His Excellency, Thabo Mbeki, former President of the Republic of South Africa.

The Board of Governors of ACBF is currently chaired by Mr. Ken Ofori-Atta, Ghana’s Minister for Finance.

-ENDS-

For more information, contact:

Tsitsi Chakonza 
The African Capacity Building Foundation
Harare, Zimbabwe
+263-4 304663, 304622, 332002, 332014; Ext. 273
Email: T.Chakonza@acbf-pact.org

ABOUT the African Capacity Building Foundation (ACBF)

Having spearheaded and robustly coordinated capacity development programs worth over 700 million US dollars across 45 countries and 8 regional economic communities (RECs) in Africa since 1991, ACBF has gathered the requisite experience that makes it the go-to institution for expert knowledge and human resources to advise and support African countries, regional economic communities and institutions on decisive steps to take to develop the practical skills urgently required for the continent’s economic transformation.

Evidence from our cutting-edge work (constituting hundreds of knowledge publications) and the work of several partners show that Africa's development efforts are being hobbled by severe capacity deficits often in the form of shortage of critical skills, deficits in leadership, inhibiting mindsets and weak institutions. The continent’s practical skills shortage is acute in key areas such as Science, Technology, Engineering and Mathematics (STEM) and Agriculture.

At ACBF, we will continue using our unmatched track record in managing financial facilities for development, our vast knowledge gathering experience thanks to the exceptional skills mix of our core staff as well as our strong strategic partnerships and networks to help countries and institutions identify their capacity needs, advise them on how to plug these capacity weaknesses and on where to find the knowledge and resources to develop the requisite capacity resources, effectively use them and retain them to achieve their short and long-term development objectives.

ACBF’s vision is an Africa capable of achieving its own development.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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