News

CORAF, via Component 2 of the West African Food System Resilience Program (PRSA/FSRP), recently organized a financial management training workshop in Accra, Ghana, from August 23 to 25, 2023. This event brought together some thirty participants, including accountants, technology park managers and commissioned project sub-contract managers, from several PRSA/FSRP organizations and intervention countries. The aim was to strengthen their financial management skills to ensure effective use of the funds allocated to these crucial initiatives.

The workshop was structured around several crucial stages, including :

• Overview of the FSRP and Technology Parks: Participants were able to gain an overview of the West African Food System Resilience Program and understand the vital role of Technology Parks in achieving its objectives.
• Fiduciary management of the PRSA/FSRP program: Financial and fiduciary management of the PRSA/FSRP was at the heart of the discussions. Topics covered included financial reporting, disbursement and expense justification procedures.
• Internal control: Participants also had the opportunity to explore best practices in internal control, ensuring transparent and efficient use of funds.
• CORAF and World Bank procurement procedures: Procurement procedures, essential for project implementation, were examined in detail.

This financial management training workshop is crucial to the effective implementation of PRSA/FSRP projects, helping to build the capacity of key players in the transparent and efficient management of financial resources.

As a reminder, sub-component 2.1 of the West African Food System Resilience Program (PRSA/FSRP) aims to promote access to and exchange of agricultural technologies. In the context of the PRSA/FSRP, which aims to strengthen the resilience of the food system in West Africa, the appropriate management of funds is crucial to achieving tangible progress.

The workshop ended on August 25, 2023, with a closing ceremony presided over by Ms. Safouratou ADARIPARE, Director of Management Services at CORAF. She recalled the importance of fiduciary management in the partnership with countries, and encouraged participants to work closely with CORAF focal points for effective fund management.