The Minister of Finance, Ken Ofori-Atta has been elected as Chair of the Governing Board of the African Capacity Building Foundation (ACBF). This comes a day after the Minister presented the 2018 Mid-Year Budget.
The election took place at the just-ended 27th Meeting of the Board of Governors of the Foundation, which took place in Yaoundé, Cameroon.
The choice of the Ghana Finance Minister could be attributed to his relentless commitment to turning around economic fundamentals of Ghana and the African continent generally, as well as boosting investor confidence in Ghana, since becoming Finance Minister almost two years ago.
Ghana was the sole candidate and was proposed by Liberia. Delegates made up of senior government officials, development partners and the top Officials of ACBF collectively approved the candidature of Ken Ofori-Atta.
He replaces the Minister for Finance of Malawi, Goodall Gondwe and his tenure spans a two year period. Ghana has also been elected to serve on the Revenue Resource Committee of the Harare based Foundation.
Mr. Emmanuel Fordjour, the Head of the AU desk at the Ministry of Finance, who led the two-member delegation, said Ghana’s election to head the highest decision-making organ of the foundation will propel her to do more for the regional body.
“We intend to use the period of our chairmanship to canvass more support for the work ahead and also encourage knowledge sharing to stabilise our economies and improve on our capacity needs,” Fordjour said.
ACBF is the specialized technical arm of the African Union responsible for capacity building and development. Ghana hosts the West and Central Africa Regional Office of ACBF.
Since its inception in 1991, ACBF has spearheaded and co-ordinated capacity development programmes worth some US$700 million across 45 countries and eight regional economic communities.
Source: Ministry of Finance
