Ghana - Strengthening Institutional Capacity for Domestic Resource Mobilization and Economic Management


Project Summary

Approval Date 18 Dec 2019
Signature Date 17 Jun 2020
Planned Completion Date 30 Jun 2023
Last Disbursement Planned Date 31 Dec 2023
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 5,300,000
Status Approved

Project General Description

The proposed project concerns the strengthening Institutional Capacity for Domestic Resource Mobilization and Economic Management. It’s an institutional support operation designed to complement government’s ongoing reforms in economic and financial governance focusing resource mobilization, debt and treasury management. Specifically, the project aims at providing technical assistance and building the capacity of key economic oversight and operational departments of the MoF, as well as help to catalyze budding reforms in financial sector by targeting entities responsible for implementing policies and reforms geared towards deepening and strengthening of regulations in the financial sector. The support will focus on, among others on using TA expertise in areas that have apparent capacity gaps. The mode of delivery of the TA will be a mix of short-and long-term advisors to strengthen the Government’s capacity to undertake the necessary reforms, as well as acquisition and upgrade of systems to support improvements in transparency, effectiveness and efficiency of public sector institutions. The project selectively focuses on aspects of institutional strengthening that have a direct bearing on achieving government’s medium-term objectives. It’s also supplements the other DP’s interventions through the provision of technical assistance and developing critical skills in the public sector. The project has four proposed components namely: (i) expanding tax base by revitalizing resource mobilization and fostering economic relations, (ii) enhancing public financial regulation through effective treasury and credit risk management, (iii) supporting financial services and capital market development and (iv) Project Management Support.

Project Objectives

The purpose of the project is to strengthening institutional capacities for resource mobilization for sustained macroeconomic management and economic growth.

Beneficiaries

The project’s direct beneficiaries are Ministry of Finance (Resource Mobilization and Economic Relations, Treasury and Debt Management, Financial Services, Tax Policy), Securities Exchange Commission and Ghana Stock Exchange. Indirect beneficiaries include Bank of Ghana, other Public Debt Community Partners notably Macroeconomics, Budget, and Legal Divisions of the Ministry of Finance (MoF), Accountant General’s Office, as well as Ghana Statistical Services. The project will benefit the general population through increased fiscal space resulting from higher resource inflows and better debt management systems.

Participating Organization

Funding
African Development Fund
Implementing
MINISTRY OF FINANCE AND ECONOMIC PLANNING

Information

IATI identifier 46002-P-GH-KF0-005
Last Update 07 Aug 2020

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Contact Details

Name KARAMAGA Camille
Email c.karamaga@afdb.org

Geographic Location

Country Ghana