SUMMER SCHOOL
Illicit financial flows and domestic resources mobilisation in the era of digital economies in Africa: prospects and challenges


  • Pretoria, South Africa.
  • 25th- 29th November 2019
  • 40 Participants

AFRODAD in collaboration with Grassroots Africa hosted various CSOs, representatives from the Ghana's government, development partners and national private sector on the 4th July 2019 in Accra, Ghana.     The main aim of the meeting was to discuss debt management and borrowing by Ghanaian government and to allow mutual learning and knowledge exchanges among debt management stakeholders.  During the meeting with Ghanaian government officials, with the ministry of Finance present, we advocated for the need to reduce borrowing from external sources and to ensure that debt management processes are transparent and accountable to avoid unsustainable debt situations.  Member of Parliament (MP) for Bolgatanga Central constituency in Ghana, Mr Isaac Adongo, who is the Public accounts committee agreed with AFRODAD's recommendations. He urged the government to consider domestic borrowing instead of foreign borrowing. The MP exposed the ministry for not submitting to Parliament debt reports on time as required by law. Grassroot Africa, our partner in organising the meeting lamented of the lack of implementation of the fiscal responsibility law that was passed by Parliament stating that public debt should be kept below the established threshold of 65% of Gross Domestic Product. There is huge potential for debt management policy shifts after our engagement with the Ministry of finance officials and parliamentarians. The ministry assured MPs that debt reports for 2018 will be brought to parliament and the 65% debt rule will be adhered to in the next fiscal years. Grassroot Africa will monitor government borrowing on all debt indicators and will raise the red flag when there are breaches.

VISION

A prosperous Africa based on an equitable and sustainable development.

MISSION

To contribute to Africa’s inclusive economic growth and sustainable development through influencing policy change on debt management and development finance anchored on rights based approaches.

STRATEGIC GOAL

To influence African Governments to institute and implement policies and practices for sustainable development and eradication of poverty.

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IN A NUTSHELL

AFRODAD's work puts people first! As such we are contributing to building an Africa in which governments will strongly play their sovereign role to protect, provide and invest in and for their citizens:

  1. Governments must borrow responsibly so that they do not compromise the wellbeing of citizens and prosterity.
  2. Governments must place domestic resource mobilisation at the center of financing sustainable development goals.
  3. Principles for effective development should be adhered to by both lenders and developing countries.

 

OUR VALUES

  1. Accountability and Transparency: AFRODAD is transparent and accountable in its operations and work, and in the ways of obtaining and use of resources.
  2. Diligence: AFRODAD is guided by industriousness and hard work in its conduct, and shall persevere in its pursuit of a prosperous Africa.
  3. Gender Sensitivity: AFRODAD provides equal opportunities to both male and female, and where necessary shall take deliberate steps to promote the interest of women in order to realize an equal socio-economic status with men in society.
  4. Impartiality: AFRODAD  conducts its work with objectivity, neutrality, impartiality, fairness and factual accuracy, detachment from personal views, and in a balanced manner without bias.

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