African Manufacturing Technology is Regressing

As a country’s manufacturing advances from low to medium and high technology, it can produce goods that command higher prices on international markets. Also, a rising capability to introduce new and improved technologies enables a country to sustain productivity growth over time.

2014 African Transformation Report

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Mr. Tito T. Mboweni Appointed as Chairman of the ACET Board

It is with great pleasure that I announce that Mr. Tito T. Mboweni is the new Chairman of the Board of the African Center for Economic Transformation (ACET). Mr. Mboweni brings a wealth of leadership experience from business, government, and academia, which will positivel

Three Objectives for State-Business Collaboration in Africa

While the state would contribute to economic transformation, it is entrepreneurial firms, both large and small, that will spearhead the creation of employment and the production and distribution of goods and services that drive economic transformation. That is why government

Building the Entrepreneurial Nation in Africa

Economic transformation entails learning and mastering new technologies, learning to produce new goods and services competitively for global markets, and breaking into new export markets. It thus requires taking risks—making bold, but informed bets. In a sense, it requires

A Nine‑Point Plan for Transformational Development Banks

Sub-Saharan countries can learn from their past experiences to create modern transformational development banks to support their transformation agendas. This does not necessarily mean new banks; in several countries it may call for restructuring some existing institutions an


Will Africa Keep Booming or Collapse Again? Here’s How to Create Our Own Future

In a recent op-ed in The East African, ACET President, K.Y. Amoako reflects objectively on Africa's present reality, and visualizes a self-determined Africa of the future.   There are four areas where “low-hanging fruit” can be harvested. Promo


Not Just Any Nation: Ghana’s Prospects for Economic Transformation

On Monday May 13, 2014, ACET President, Dr. K.Y. Amoako delivered a speech at the Ghana Economic Forum held in Akosombo. In it, he detailed Ghana's current standing on the African Transformation Index, and outlined specific steps to move the economy forward. Not Just Any