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Transparency and Accountability in the Management of Public Funds: How sensibly must African Countries Stand?

Okonjo-Iwela, Ngozi
Date of publication: 

In managing their respective countries' economies, African Finance Ministers encounter a number of challenges. Principal among these is the challenge of adopting appropriate budget processes and mechanisms that do permit information sharing and inclusiveness. To succeed in implementing reforms, there is the absolute imperative to ensure public buy-in of government economic policies. Against a backdrop of acute resource inadequacies, effective tradeoffs and negotiations between a Finance Minister, his/her colleagues in government and the public on spending priorities in keeping with government vision is essential for economic governance.

Development Memoirs

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 , ,

The recognition of ACBF as the African Union’s Specializes 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 , ,

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 – Minister of Finance, Ghana , ,

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

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

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 , ,
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