Breaking the Chains: Transforming Africa's Economies through Sound Financial Management
Journal Title: International Journal of Current Science Research and Review - Year 2023, Vol 6, Issue 12
Abstract
The guide, “Breaking the Chains: Transforming Africa’s Economies through Sound Financial Management,” embarks on a comprehensive journey through the financial landscapes of African nations. It illuminates the pressing challenges born from poor public financial management while spotlighting a myriad of solutions. From the fundamental principles of transparency and accountability to the practical reforms reshaping budgeting, auditing, procurement, and revenue collection, this guide maps out a transformative course. Robust institutions, capacity building, and the role of technology take center stage, while anti-corruption measures fortify the quest for transparency and accountability. International support, monitoring and evaluation, and strategies for overcoming barriers stand as crucial partners in this journey. Amidst the challenges and roadblocks, the future of Africa is boundless, awaiting a new era of economic growth and sustainable development—a future where the chains of fiscal mismanagement are but a distant memory.
Authors and Affiliations
Tumukunde Alex, Namuli Rebecca, Amos Mpungu, Daniel Ayiga
Keywords
Related Articles
- EP ID EP724929
- DOI 10.47191/ijcsrr/V6-i12-22
- Views 53
- Downloads 0
Adoption and Adaptation of Generative Artificial Intelligence in Organizations: Actions for Efficient and Responsible Use in Interaction with Collaborators
The aim of this work was to determine the actions needed to adopt and adapt Generative Artificial Intelligence (GenAI) for efficient and responsible use in the organization, without affecting the contribution of the coll...
Eating Habits and Academic Performance of College Students in a Private School
This research investigated the eating habits of college students at St. Paul University Surigao and their potential impact on academic performance. This study employs a descriptive-quantitative research design to explore...
Driving Business Growth through Data Decision Making: The Role of Marketing Automation
The business landscape has transformed significantly with the abundance of information and rapid technological advances, creating numerous opportunities for data-driven decision-making to foster company growth. This rese...
The Correlation between the Knowledge and Understanding of Eating Behavior Appropriate for each Blood Type and its Impact on Obesity among the Population in Bangkok
Obesity is now a major concern among Thai citizens and the world population, as the proportion of people who are obese has been rising for decades. Obesity can lead to many health issues, such as heart disease, stroke, h...
An Assessment of Water Quality and Identification of Problems: A Case Study of Maritimepattu Divisional Secretariat, Northern Province
The Maritimepattu Divisional Secretariat (DS), located in Sri Lanka’s dry zone, is underlain by Miocene limestone, which is considered to have aquifer properties favourable for groundwater storage and discharge. Given th...