Resource Mobilization and Management

The OE fund was used to support the acquisition of a consultant to refine and execute a long-term funding strategic plan. This consultant was also be responsible for advising on and developed a TOR for a fundraising resource to work with ACET for the long-term. The focus this year has been to broaden ACET’s network of grant donors.We have recruited a consultant for support in (1) developing a strategy for long-term financial sustainability, and (2) ramping up fundraising activities for ATF 2020 as well as for TLP-related activities. ACET recruited a consultant to support the development of a long-term financial sustainability strategy in q3. The consultant will also support ACET fund raising activities for ATF 2020 as well as for the Transformation Leadership Panel. In Q4, ACET secured funding from the McGovern Foundation for the African Transformation Forum and commenced engaging with other prospective sponsors for the Forum. We also submitted a multi-year proposal to the Open Society Foundation to support policy research and advisory support on climate. Additionally, as part of a consortium, ACET won a DFID project – Strengthening the Use of Evidence for Development Impact that began in October 2019 and will run through 2024. Likewise, as part of a consortium, we won a DFID funded project on “Ghana Jobs and Economic Transformation which will begin in January 2020 and run for approximately five years. With Vivid Economics, ACET was awarded a project from the United Kingdom Department of Trade to study non-tariff measures in Ghana. The project will begin in January 2020. We also won an award from WUSC (Canada) on investing in Women in Ghana. The project will begin in February 2020. ACET also continues to secure additional bilateral financing for the Think Africa Trust Fund, and we will leverage the Transformation Leadership Panel (TLP) to crowd in donors to ACET programming. Q2 2020 Resource mobilization activities this year have been intense and diversified. ACET currently receives support from a hybrid of foundations and bilateral donors where the grants include program funds and core funding. We also have an increasing number of donor funded projects where ACET is a consortium member (STEG, SEDI, JET, etc.). Q3 2020 Our resource mobilization strategy continues to be diversified with incoming funds from foundations, bilateral donors and consortium projects.