African Center for Economic Transformation
{{Infobox organization
|name = African Center for Economic Transformation
|abbreviation = ACET
|formation = 2008
|type = Think Tank
|location = Accra, Ghana
|leader_title = President
|leader_name = K.Y. Amoako
|website = [http://www.acetforafrica.org www.acetforafrica.org]
}}
The African Center for Economic Transformation (ACET) is a non-profit Accra-based think tank.{{cite book|author1=Yasutami Shimomura|author2=Hideo Ohashi|title=A Study of China's Foreign Aid: An Asian Perspective|url=https://books.google.com/books?id=oE-vAgAAQBAJ&pg=PA211|date=20 November 2013|publisher=Palgrave Macmillan|isbn=978-1-137-32377-4|pages=211–}}
ACET economists, researchers, and support staff advise African governments{{cite book|author=LDC IV Monitor|title=Istanbul Programme of Action for the LDCs (2011–2020): Monitoring Deliverables, Tracking Progress – Analytical Perspectives|url=https://books.google.com/books?id=1TAcBQAAQBAJ&pg=PA204|date=17 October 2014|publisher=Commonwealth Secretariat|isbn=978-1-84929-120-0|pages=204–}}—including Ghana, Liberia, Mozambique, Rwanda, and Sierra Leone—on economic matters.{{Citation needed|date=October 2020}} They produce reports{{cite book|author=Steve Onyeiwu|title=Emerging Issues in Contemporary African Economies: Structure, Policy, and Sustainability|url=https://books.google.com/books?id=Hea_CQAAQBAJ&pg=PT290|date=13 May 2015|publisher=Palgrave Macmillan|isbn=978-1-137-40081-9|pages=290–}} and organizes meetings and conferences[http://www.pmnewsnigeria.com/2015/06/16/buhari-needs-chief-innovation-adviser/ "Buhari Needs Chief Innovation Adviser"] PM News. and other events to promote development in Africa through economic transformation (as opposed to growth).{{cite web|last=Rodrik|first=Dani|title=Africa’s Structural Transformation Challenge|url=http://www.project-syndicate.org/commentary/dani-rodrik-shows-why-sub-saharan-africa-s-impressive-economic-performance-is-not-sustainable|publisher=Project Syndicate}} They advise on increasing FDI inflows, recommend export promotion policies and strategies, and steer education and skills development.
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.{{cite web|title=African Scholars Highlight China’s Role In The Continent’s Taking Off|url=http://www.coastweek.com/3650-africa-05.htm|archive-url=https://web.archive.org/web/20180927141313/http://www.coastweek.com/3650-africa-05.htm|url-status=usurped|archive-date=September 27, 2018|publisher=Coast Week|author=Christine Lagat|author2=David Musyoka}} 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.{{cite web|title=Hewlitt Foundation Grantee Information |url=http://www.hewlett.org/node/13274 |archive-url=https://archive.today/20140831221235/http://www.hewlett.org/node/13274 |url-status=dead |archive-date=2014-08-31 }} Shortly thereafter ACET staff published Looking East, an analysis of technology transfer opportunities created by Chinese investment in Africa.{{cite book|author1=David H. Shinn|author2=Joshua Eisenman|title=China and Africa: A Century of Engagement|url=https://books.google.com/books?id=hu7n1YNNrqcC&pg=PA142|date=10 July 2012|publisher=University of Pennsylvania Press|isbn=0-8122-0800-5|pages=142–}}
In 2014 ACET produced and published an overall report entitled Growth with Depth: The 2014 African Transformational Report.{{cite book|author1=Lindsay Whitfield|author2=Ole Therkildsen|author3=Lars Buur|author4=Anne Mette Kj'r|title=The Politics of African Industrial Policy: A Comparative Perspective|url=https://books.google.com/books?id=wq2mCQAAQBAJ&pg=PA60|date=2 July 2015|publisher=Cambridge University Press|isbn=978-1-107-10531-7|pages=60–}}{{cite book|author1=Calestous Juma|author2=Professor of the Practice of International Development Director of the Science Technology and Globalization Project Calestous Juma|title=The New Harvest: Agricultural Innovation in Africa|url=https://books.google.com/books?id=N0P9CQAAQBAJ&pg=PA272|date=1 September 2015|publisher=Oxford University Press, Incorporated|isbn=978-0-19-023723-3|pages=272–}}
In 2015 the organization released the results of a study showing that Ghana's economy can be significantly strengthened through improvements in agriculture.[http://news.peacefmonline.com/pages/news/201505/243369.php "Study Shows How Agriculture Can Contribute To Ghana’s Economic Transformation"] {{Webarchive|url=https://web.archive.org/web/20150804083222/http://news.peacefmonline.com/pages/news/201505/243369.php |date=2015-08-04 }}. Peace FM, 29 May 2015.[http://citifmonline.com/2015/05/29/acetgates-foundation-recommend-ways-to-boost-ghanas-agric-sector/ "ACET/Gates Foundation recommend ways to boost Ghana’s agric sector"]. Citi97.3FM. 29 May 2015 That year its members also organized a conference, Mining Governance in Ghana.[http://www.ghanaweb.com/GhanaHomePage/business/Mining-Ghana-to-increase-local-content-items-to-18-364880 Mining: Ghana to increase local content items to 18"]. GhanaWeb.
References
External links
- [http://www.acetforafrica.org ACET website]
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