Accra, April 02, GNA - The Ministry of Finance
(MoF), the African Centre for Economic Transformation (ACET), and the
International Monetary Fund (IMF) are jointly organising a conference on,
“Moving Beyond Aid: Domestic Revenue Mobilisation for G-20 Compact with Africa
The two-day conference which will be held from
4th to 5th April in Accra will bring together senior government officials,
representatives of revenue agencies from eight countries namely, Benin, Côte
d’Ivoire, Egypt, Ghana, Guinea, Rwanda, Senegal, and Tunisia.
A joint press statement issued by the
organisers said development partners, experts and representatives of civil
society would also be in attendance.
The conference will provide Compact with
Africa (CWA) countries a common platform for knowledge sharing and peer-to-peer
learning on revenue mobilisation as well as ways to overcome aid dependence,
ease financing constraints, and enhance growth prospects - all key elements to
achieve prosperity without jeopardising debt sustainability.
The conference will also help CWA countries
deal with institutional and political constraints in revenue mobilisation,
improving tax compliance, and alleviating base erosion and profit shifting by
It will focus on common domestic revenue mobilisation
(DRM) challenges and propose short and medium-term growth-friendly
The CWA was initiated by the German Presidency
in the Finance Track, endorsed by the G-20 Finance Ministers and Central Bank
Governors in Baden-Baden in March 2017, to promote private investment in
Africa, including in infrastructure.
The CWA initiative aims to attract private
investment to the CWA countries by ensuring macro-economic stability,
investment-friendly tax systems to help maintain fiscal discipline, while
providing adequate financing for governments’ development needs.
Dan Soko is a short story author and web content editor. He has work appearing or forthcoming in over a dozen venues, including GhanaScoop, Nigeria Daily News and CapitalBay. When he’s not frightening strangers with his post and writing, he’s most likely frightening his wife Mimi and their two mischievous cats: Buttons and Snaps. You can visit him at www.ghananation.com/author/webby.