Evaluating Impact Investing: Ghana Workshop
Ghana has been at the center-stage of evaluation activities in the first quarter of 2016, which saw CLEAR-AA organize 3 consecutive workshops for different evaluation stakeholders in West Africa: one with parliamentarians and legislators, one for higher education institutions and professional evaluation networks, and one for impact investors. The last one, held between the 13-14 of April 2016 in Accra, Ghana, saw CLEAR-AA co-hosting a two-day workshop with GIMPA, Venture Capital, IDRC and Rockefeller Foundation on ‘Evaluating Impact Investing: Building the field, Measuring Success’. The workshop largely built on the previous pilot workshop hosted by CLEAR-AA in Johannesburg in October 2015.
The Ghanian workshop brought together a range of players from the impact investing eco-systems (asset managers, private foundations, social enterprise initiatives, etc.). To discuss the development of this emerging sector in Africa, and appropriate metrics, social impact standards, M&E tools for this promising new field. The workshop was attended by Dr. Rashid Pelpuo, Minister of Private Sector Development, along with other key public and private actors in Ghana. It provided an important platform for government, business sector and civil society to come together to discuss the critical developmental issues in the country, such as youth employment, SME development and new sources of development financing. Both youth and women were a strong driver of the debates at the Accra workshop
The CLEAR-AA team made substantial contributions to the workshop in both the areas of impact investing as well as monitoring and evaluations, thanks to the input provided by Sulley Gariba (CLEAR-AA Board Member), Laila Smith (CLEAR-AA Director), Neissan Besharati (Senior M&E specialist), Charles Amoatey (West Africa coordinator), and CLEAR-AA affiliates such as Godfred Amewu (GIMPA Centre for Impact Investing) and Refilwe Makoena (Greater Capital).
CLEAR-AA will continue to work with Ted Jackson & Associates and with other partners to establish an African network on evaluation of innovative development finance. Some of the upcoming activities of the group planned for the near future are:
- opening up to Kenya and the East African markets, including establishing a Centre on Impact Investing in Nairobi.
- further scoping, research and pilot evaluations of impact investing and innovative development finance initiatives in Africa the consolidation of the curriculum on ‘evaluating impact investing’ executive course to be delivered by GIMPA, Wits University and other academic institutions in Africa
- training and development of a cadre of African experts in impact investing and in M&E approaches, that can be deployed for various training, technical assistance and research initiatives across Africa.