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Africa Economic Brief - Volume 9 Issue 6 - Governance for Structural Transformation in Africa
Improving governance is recognized as a priority concern of all societies. It is more the case today because of heigh - tened economic competition and increased risks posed by the mismanagement of government revenues. A focus on governance includes government authorities, as well as those outside the state sphere. Governance concerns how public goals are established, how they are pursued, and how the power to accomplish them is acquired, utilized, and held accountable. The bundle of these practices, and the norms that frame them, we call institutions.