Expected Impact
| Focus Area | Short-Term Output | Long-Term Outcome |
|---|---|---|
| Public Servants & Members of Public Accounts Committees (PACs) of Parliaments | Increased test scores on PFM compliance protocols | Reduction in “unauthorised expenditure” audit queries |
| Public Interest | Higher media engagement with audit findings | Strengthened social contract and tax compliance |
| Policy | Publication of Quarterly Policy Briefs | Legislative reforms based on ACFA’s independent data |
Why Now?
Post-pandemic recovery and rising debt levels in Africa demand 100% efficiency in public spending. ACFA provides the independent oversight necessary to restore investor confidence and social contracts.
Governance & Sustainability
Governance: Managed by a Board of Trustees including a Former Minister of Finance, retired Auditor-General, Economists, Former PAC Chairperson and Civil Society Leaders.
ACFA: Maiden Board of Trustees
The African Centre for Financial Accountability (ACFA), a newly established independent Think Tank dedicated to bridging the “Accountability Gap” in Public Financial Management is pleased to announce the appointment of its maiden Board of Trustees.
The announcement comes ahead of the official public launch of the organization, marking a significant milestone in the mission to institutionalize fiscal integrity across the African Continent.
The Think Tank was founded by Hon Albert Kan-Dapaah, a distinguished Chartered Accountant, former Partner at PKF, former President of the Institute of Chartered Accountants, Ghana, former Chairman of the Public Accounts Committee of Parliament and veteran Cabinet Minister with over 16 years of executive experience across the Energy, Communications, Interior, Defence and National Security portfolios.
In a media interaction, he recounted that “across the African continent, a profound paradox exists. We possess some of the most sophisticated Public Financial Management (PFM) laws in the world. We have dedicated Auditors General who work tirelessly to track every cedi. Yet, year after year, the same narratives of ‘unaccounted funds’ and budget leakages dominate our headlines. The problem is not a lack of rules; it is a systemic gap. ACFA was established to be the bridge across these divides. This Board brings together a rare combination of financial and legislative expertise to ensure that public resources truly serve the public interest.”
The Maiden Board of Trustees includes:
Hon. A. Kan-Dapaah
Founder and Public Financial Management (PFM) Expert. Chartered Accountant.
Hon. Seth Terkper
Chartered Accountant and former Minister of Finance and PFM Expert.
Chartered Accountant and distinguished Public Financial Management expert and former Auditor General, Ghana.
Chartered Accountant and a distinguished Finance and Accountancy Professional and former Chairman of the Public Accounts Committee of Parliament.
A world renowned Governance Expert and a leading authority on parliamentary development with over 20 years of experience. He is the Executive Director of the respected African Center for Parliamentary Affairs.
Chartered Accountant and former Deputy Minister of Finance and currently the Chairperson of the Public Accounts Committee.