Africa is growing - but is it transforming? DEGRP interviews ACET

DEGRP hosted KY Amoako, President of the African Centre for Economic Transformation, and ACET's Chief Economist, Yaw Ansu, to launch the 2014 African Transformation Report.

The report delves deeply into the narrative of 'Africa rising' to discover whether growth in some parts of the continent is delivering proportional improvements in well-being for ordinary people and sustainable transformation for African economies. We interviewed Amoako and Ansu to find out more about the report.  


What's the difference between growth and transformation?

KY Amoako: We say that growth is important, but that's not sufficient to transform the economies to create more jobs and improve the lives of people...

The African Transformation Report argues that Africa needs 'growth with DEPTH' - what does this mean?

KY Amoako: Africa is growing, that is the good news. But we've seen this picture before...

What do Africa governments and donor agencies need to do to promote growth with DEPTH?

KY Amoako: Transformation is a long term process - you need to have a plan, coordinated policies and effective partnerships between the private sector and the state...

Yaw Ansu was the main author of the report. He explained three of the pathways to economic transformation that the report proposes: 

How can Africa leverage its abundant labour to transform manufacturing?

Yaw Ansu: Although labour is cheap, if you factor in productivity in it is not so cheap - so the question is how do you increase skills levels and productivity...

How can the extractive sector contribute to Africa's long term transformation?

Yaw Ansu: Despite the popularity of the 'resource curse' theory, Africa can benefit from it's extractive sector if it gets a fair deal...

What's the role of agriculture in economic transformation?

Yaw Ansu: if you're interested in improving people's lives, doing something that affects productivity and income level in agriculture is very important...

Read more about the launch of the African Transformation Report and watch videos from the event on the ODI website.