-
Good financial governancepromotes transparent and responsible use of public finances -
Networking and peer learningbuilds technical capacities of public finance officials -
The Good Financial Governance
in Africa programmesupports women to rise to decision-making positions -
Good Financial Governanceenables citizens to have access to critical services such as education, clean water and healthcare -
Good Financial Governance promotesContributes to the achievement of the Sustainable Development Goals
What is Good Financial Governance?
Good Financial Governance is the legitimate use of governmental power and authority in the management of a country’s financial resources with integrity, transparency, accountability, equity and a result-orientation to promote development. Good Financial Governance implies effective, efficient and accountable state departments and financial institutions, which act within the framework of a functioning rule of law. They are used to mobilise resources and manage financial liabilities and assets, as well as building effective budgeting, budget execution, robust accounting, auditing and oversight systems.
Latest News
AFROPAC Acts in fighting Illicit Financial Flows in Africa
By Otsile Malebaco. An insightful presentation on fighting Illicit Financial Flows (IFFs) by the African…
African Tax Administration Forum hosted its second High-level TAX policy Dialogue
By Otsile Malebaco. The GIZ Good Financial Governance Programme participated at the second African Tax…
African Auditor Generals take stance against Corruption
By Julia Bastian. Auditors as change actors. In an intense meeting which went well into…
The joint side event on the role of Supreme Audit Institutions in the prevention and combat of corruption
By Otsile Malebaco. The African Organisation of Supreme Audit Institutions (AFROSAI) and African Union Advisory…
Ghana becomes the first country to pilot Public Financial Management reporting framework
By Tassilo von Droste zu Huelshoff. Vibrant discussions as the piloting of the tool kicks-off…
Latest Projects
GFG Heatmap
GIZ has develop a heat map that graphically presents data on the state of public finances in selected African countries. This information is now also available online to the wider interested public.
AFROSAI Women Leadership Academy 2017
The WLA is organised jointly by the African Organisation of Supreme Audit Institutions (AFROSAI) and the Good Financial Governance (GFG) in Africa programme.
Watch our Video
The Budget Cycle
Every public service needs to be financed – be it schools, hospitals or transport. Efficient and transparent management of public finance is crucial to enable development and poverty reduction in Africa. This applies to the entire budget cycle: tax administration, budget preparation and execution, control by parliaments and external auditing by Supreme Audit Institutions. At every stage, the responsible institutions should primarily work to the benefit of the people to ensure sufficient public finance for public services.
The Good Financial Governance (GFG) in Africa programme promotes transparency and accountability in public financial management and is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union (EU). Its objective is to foster Good Financial Governance in Africa, more specifically to equip decision-makers in African public finance to use region-specific services, products and further education to improve financial governance.
Areas of Work
Tax Policy and Administration
Effective revenue collection provides a government with funds that are needed to develop the country, alleviate poverty, and to deliver much-needed public services.
Budget Reform
A credible budget is more than just figures. It shows precisely and comprehensively how much public money is available and for what purpose it is allocated.
External Audit
Supreme Audit Institutions (SAIs) assess how governments manage their financial resources. Does government follow the relevant rules?
Legislative Oversight
Parliamentary oversight is a crucial pillar for creating credibility in budgeting and in holding governments accountable for the results
African Voice
The relevance of Good Financial Governance for development was highlighted in a number of international debates and declarations. Regional public finance networks increasingly strengthen the representation of Africa in international processes and discussions and ensure the continent’s perspectives are taken into account at global level.
Combatting IFFs
IFFs are illegal movements of money or capital from one country to another. Illicit money leaving the continent facilitates criminal activities and reduces the amount of resources available to Africa to invest in jobs and provide critical social services to citizens and economy.
