PFM Tax Africa has a Board of Directors, as both professional and regulatory requirement, to supervise operations, advise on policy, and approve Associates. The Firm develops consultancy relations with public and private sector clients.
Our vision is to become the leading Pan-African professional organization in PFM and Tax.
Our mission is to enhance the capacity of our public and private sector clients to utilize their financial resources efficiently in relation to public financial management (PFM) and taxation.
The use of per capita income as criteria for planning in the public sector is objective and relevant for a gradually“segmenting” African state and policy environment. In this regard, we give special attention to the continent’s Middle-Income Countries (MICs) that must begin to develop innovative transition programs.
While PFM-Tax Africa focuses on macro-fiscal policy and support for governments and fiscal or public sector institutions, it considers the inter-dependence with monetary, financial, and real sector policies as important. The Network also provides advice to private sector entities, Civil Society Organizations (CSOs), and development partners (DPs) that interact with the fiscal authorities to improve understanding of policies, legislation, processes and measures. PFM-Tax Africa focuses on changes that often occur incrementally— with due attention to international best practices that take account of local needs — in developing, strengthening, and sustaining fiscal institutions.
Our advice on systems and processes is “integrated” and innovative in covering all PFM policies and functions. We value professional integrity, reliance on global standards (e.g., GFS and IPSAS/IFRS), use of diagnostic tools (e.g., PEFA and TADAT) as performance benchmarks.
Our focus on special fiscal units such as Large Taxpayer Offices (LTOs) and Debt Management Offices (DMOs) is essential to the MIC agenda and improves interaction with clients such as MNCs that have complex issues and make significant fiscal impact on economies.
How we Work
PFM Tax Africa’s headquarters in Accra directs, manages, and coordinates the Network’s PFM and Tax activities in Africa and around the world (with offices in London and Washington DC). Our partnership network and professional projects, programs and events fall into four (4) broad categories, namely:
- Direct Consultancy: from researching general and specialized market sources, mainly identified by the headquarters.
- Associate Consultancies: collaborative projects with Associates, comprising individuals and entities or institutions.
- Capacity Building: including training programs which target MIC-RRC Africa and may be conducted with associates, notably, academic and multilateral institutions.
- Representation, Dialogue, Advocacy and Arbitration: a key aspect of advice for major private and public-sector clients; an advisory interface with fiscal institutions, in relation to policy, legislation, and operations.
What makes us Unique
The main objective of PFM Tax Africa is to offer advice and help build institutional capacity within a “stratified” pan-African framework in ways that avoid viewing Africa in monolithic and, primarily, developing country terms. For fiscal institutions, our goal is to consolidate the gains made from past TA and technical support. For the private sector, DP, and CSO angle, our goal is to provide relevant interfaces, such as will make the advice we give or resources we use relevant.