African Center for Economic Transformation

The African Center for Economic Transformation (ACET) is a non-profit Accra-based think tank.[1]

African Center for Economic Transformation
AbbreviationACET
Formation2008
TypeThink Tank
Location
  • Accra, Ghana
President
K.Y. Amoako
Websitewww.acetforafrica.org

ACET economists, researchers, and support staff advise African governments[2]—including Ghana, Liberia, Mozambique, Rwanda, and Sierra Leone—on economic matters.[3] They produce reports[4] and organizes meetings and conferences[5] and other events to promote development in Africa through economic transformation (as opposed to growth).[6] They advise on increasing FDI inflows, recommend export promotion policies and strategies, and steer education and skills development.[1][3]

History

ACET was founded in 2008 by K.Y. Amoako, a Ghanaian-born former United Nations Under-Secretary-General and head of the United Nations Economic Commission for Africa. Yaw Ansu became its chief economist.[7] The organization began producing reports and providing advice and statistical information which led to the developing, negotiating, and administering of agreements between governments and petroleum and mineral companies.[8] Shortly thereafter ACET staff published Looking East, an analysis of technology transfer opportunities created by Chinese investment in Africa.[9]

In 2014 ACET produced and published an overall report entitled Growth with Depth: The 2014 African Transformational Report.[10][11]

In 2015 the organization released the results of a study showing that Ghana's economy can be significantly strengthened through improvements in agriculture.[12][13] That year its members also organized a conference, Mining Governance in Ghana.[14]

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References
  1. Yasutami Shimomura; Hideo Ohashi (20 November 2013). A Study of China's Foreign Aid: An Asian Perspective. Palgrave Macmillan. pp. 211–. ISBN 978-1-137-32377-4.
  2. LDC IV Monitor (17 October 2014). Istanbul Programme of Action for the LDCs (2011–2020): Monitoring Deliverables, Tracking Progress – Analytical Perspectives. Commonwealth Secretariat. pp. 204–. ISBN 978-1-84929-120-0.
  3. "Mauritius ranked first in African Index on Economic Transformation". Globe Times
  4. Steve Onyeiwu (13 May 2015). Emerging Issues in Contemporary African Economies: Structure, Policy, and Sustainability. Palgrave Macmillan. pp. 290–. ISBN 978-1-137-40081-9.
  5. "Buhari Needs Chief Innovation Adviser" PM News.
  6. Rodrik, Dani. "Africa's Structural Transformation Challenge". Project Syndicate.
  7. Christine Lagat; David Musyoka. "African Scholars Highlight China's Role In The Continent's Taking Off". Coast Week.
  8. "Hewlitt Foundation Grantee Information". Archived from the original on 2014-08-31.
  9. David H. Shinn; Joshua Eisenman (10 July 2012). China and Africa: A Century of Engagement. University of Pennsylvania Press. pp. 142–. ISBN 0-8122-0800-5.
  10. Lindsay Whitfield; Ole Therkildsen; Lars Buur; Anne Mette Kj'r (2 July 2015). The Politics of African Industrial Policy: A Comparative Perspective. Cambridge University Press. pp. 60–. ISBN 978-1-107-10531-7.
  11. Calestous Juma; Professor of the Practice of International Development Director of the Science Technology and Globalization Project Calestous Juma (1 September 2015). The New Harvest: Agricultural Innovation in Africa. Oxford University Press, Incorporated. pp. 272–. ISBN 978-0-19-023723-3.
  12. "Study Shows How Agriculture Can Contribute To Ghana’s Economic Transformation" Archived 2015-08-04 at the Wayback Machine. Peace FM, 29 May 2015.
  13. "ACET/Gates Foundation recommend ways to boost Ghana’s agric sector". Citi97.3FM. 29 May 2015
  14. Mining: Ghana to increase local content items to 18". GhanaWeb.
  15. "'China's Second Continent' tells the fascinating yet alarming story of China's economic colonization of Africa". Christian Science Monitor
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