Publications

  • the_title_attribute()

    Economic Transformation Masterclass (2) – A Fine Balance

    ACET, in collaboration with African Business Magazine, developed this series to share knowledge on the concept of economic transformation. This is Story 2. (See Introduction and Story 1) A fine balance What is the ideal relationship between the state and the private sector for a country to achieve its economic transformation objectives? Several previous approaches failed but, as ACET's Chief Economist Yaw Ansu argues, if a fine balance can be struck, the relationship can blossom. Africa has been growing rapidly over the past decade, but its economic structure remains basically the same: a producer and exporter of raw agricultural commodities and unprocessed natural resources. In fact, the growth that we are now seeing has been ...
  • the_title_attribute()

    Economic Transformation Masterclass (1) – Why Economic Transformation?

    ACET, in collaboration with African Business Magazine, developed this series to share knowledge on the concept of economic transformation. This is Story 1. Why Economic Transformation? Economic Transformation – a complete overhaul of the structure of a country’s economic system – and which is essential for both poverty reduction as well as wealth creation – does not evolve naturally from strong growth. It must be deliberately brought about. K.Y. Amoako, president of the African Center for Economic Transformation outlines the building blocks of this structural change. By 2050, Africa is projected to have a population of 2.5bn, which will represent approximately 25% of the world’s population. As a result, Sub-Saharan ...
  • African Transformation Masterclass – Introduction

    ACET, in collaboration with African Business Magazine, developed this series to share knowledge on the concept of economic transformation. What will Africa look like in another generation? There will be more people, but that’s about all we know for certain. The continent is currently facing several momentous changes that will define its future—changes that come with a wealth of uncertainties and questions but a common thread. Africa’s economic growth rate, while still encouraging, is beginning to slow as demand decreases for oil, gas, and other commodities. How will such a shift affect the internal political, economic, and social dynamics of countries, particularly those in which commodities primarily drive growth? The ...
  • the_title_attribute()

    Financing for Development – The Call for Domestic Resource Mobilization

    Mobilizing domestic resources for development in sub- Sahara Africa has never lacked urgency. Lacking instead is the commitment to action. At the March 2015 Conference of Ministers in Addis Ababa, President Kagame of Rwanda cautioned that “we stop thinking about development as something we do with external resources.” The Ethiopian PM, Ato Haliemariam Dessale, added, “Increased domestic resources mobilization is absolutely necessary and [it] should get first priority and greater attention.” Abdalla Hamdok of UNECA ,writing in the OECD 2014 Report, remarked that Africa’s sustainable development will not come from aid. The 3rd  Financing for Development (FfD) meeting in Addis Abba in July, 2015 echoed the importance of domestic ...
  • The Future of Mining in Ghana

    The Ghana Chamber of Mines and the International Council on Mining and Metals commissioned ACET and Steward Redqueen to estimate the socioeconomic impact of large-scale mining in Ghana from 2010 to 2022 and provide robust data on the industry, as a basis for informed discussion, policymaking, and operational planning. See the full report. ...