Accra Conference on Financing for Development: Infrastructure for Growth—the Energy Challenge, Communique, Accra, Ghana, 30-31 May 2007

Sectors : Aid volume, Regional cooperation and integration, Water and Sanitation, Economic governance and public finance management, Energy, Employment and Training, Investment
Organisation : AU
Date made: 
2007
Level: 
Ministerial

Commitments in: Financing for Development - Aid volume

“1.We, the African Finance and Energy Ministers, development partners, regional and international development financial institutions, UN agencies, State Secretary of the German Federal Ministry for Economic Cooperation and Development, representing the German Presidency of the G8 and the EU, representatives of civil society and the private sector met in Accra, Ghana, for the second Conference on Financing for Development hosted by the Government of the Republic of Ghana from 30 to 31 May 2007...

...4. We noted with concern that, excluding debt relief, Official Development Assistance (ODA) flows remain stagnant. However, increased flows from emerging creditors are helping African countries to finance pressing development needs. To address the critical problems in the energy sector and to pursue the Millennium Development Goals (MDGs), we recognize that a wider variety of financing sources including concessional funds will need to be accessed.”

Scope: 
Africa

Commitments in: Infrastructure - Water and Sanitation

“...Regional actions

i) We undertake to fast-track current regional initiatives such as the INGA dam project, the regional power pools, and gas pipeline projects. We shall make efforts to strengthen regional institutions such as the Regional Economic Communities (RECs) and NEPAD as the arrow heads of regional action. We will explore the possibility of ceding limited borrowing authority to RECs to implement trans-boundary energy projects.”

Scope: 
Africa

Commitments in: Infrastructure - Energy

“6. We recognized the importance of sound and transparent public financial management systems for addressing Africa’s infrastructure challenges and in this regard, we reiterated our commitments made in Abuja to build such systems. We take note of the “G8 Action Plan on Good Financial Governance in Africa” presented at the Conference.”

Scope: 
Africa

“...h) We shall strengthen our advocacy and presence in the global climate change dialogue....”

Scope: 
Africa

“Action Points for Governments

• National actions

a) Strengthening planning frameworks to take into account energy needs for economic growth and for poverty reduction. Energy will be integrated into national and sectoral development strategies;

b) Mobilizing domestic resources, through new financing instruments, appropriate energy pricing and payment mechanisms, and by the creation of opportunities for investment by domestic investors;

c) Encourage consumers to make more efficient use of energy through energy pricing, tax incentives, and public awareness programmes;...

...g) Improving access of the poor to energy through appropriate pricing policies, distribution and composition of energy supply;”

Scope: 
Africa

“...d) Promote the use of local energy resources that both contribute to energy security and the creation of jobs;...

...f) An accelerated programme of capacity building is of central importance to addressing the energy and infrastructure gaps. In this effort we will aim to increase funding for all levels of education including vocational training, and energy-related scientific cooperation amongst ourselves and our partners. We encourage organizations that fund education programmes to pay particular attention to expanding training of energy experts;...”

Scope: 
Africa

“...e) Reforming regulation in the energy sector in view of creating an attractive, enabling environment for private sector participation in the energy sector;...”

Scope: 
Africa