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Profile of the Minister

Professional Summary

Augustine Kpehe Ngafuan is a Liberian national. He was born on April 7, 1970 in Monrovia, Liberia. He is a financial expert, a diplomat and an international development practitioner whose professional career and public service span more than 20 years. His leadership style consists of consultative engagements, innovative strategy development, effective leveraging and delivery on core performance mandates under stressful and evolving circumstances.

Education & Professional Training

Ngafuan obtained his high school education from the Booker Washington Institute (BWI) where he graduated as Valedictorian with a diploma in Accounting in 1989.

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African Peer Review Mechanism (APRM)

The African Peer Review Mechanism (APRM) was effectively established by the Abuja Declaration on 9th March 2003 as an instrument for the review of political, economic, corporate governance and socio-economic development, in any of the African Union member states that voluntarily accede to the mechanism. In 2016, the APRM Statute provisionally came to force, and under Article 2, effectively established the mechanism as a Specialized Agency within the African Union.

The APRM has the mandate to promote and facilitate self-monitoring by the Participating States, and to ensure that their policies and practices conform to the agreed political, economic, corporate governance and socio-economic values, codes and standards contained in the Declaration on Democracy, Political, Economic and Corporate Governance; and the African Charter on Democracy, Elections and Governance, as well as other relevant treaties, conventions and instruments adopted by Participating States whether through the African Union or through other international platforms.

In the implementation of its mandate, the APRM has the primary purpose of fostering the adoption of policies, standards, and practices that lead to political stability, high economic growth, sustainable and inclusive development, as well as accelerated regional and continental economic integration, through sharing of experiences and reinforcement of successful and best practices.

As of January 2017, 36 countries of the African Union had acceded to the APRM. The Republic of Liberia is the 22nd of the 36 to undertake a first Country Review.

The African Peer Review Mechanism (APRM) is a self-monitoring instrument voluntarily acceded to by member states of the African Union, meant to help the African States create a conducive environment for development; It fosters the adoption of policies, standards, and practices that lead to political stability, high economic growth, sustainable development and accelerated sub-regional and continental economic integration through sharing of experiences and; It is also meant to reinforce successful and best practices, including identifying deficiencies in bid to address them.As Africa entered a new millennium, it was faced with different development challenges including conflicts, institutional decay, leadership and managerial deficit, gender inequality, endemic corruption, and economic mismanagement.

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State Own Enterprises

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PFMU

A key focus of the new Ministry of Finance and Development Planning is to continue ongoing work around public sector financial management reform. The Public Financial Management (PFM) sector, like many others, suffered a severe decline during the civil crisis as transparency and accountability in the use of public resources became almost nonexistent. Most of the PFM institutions collapsed, systems failed, and human capacity deteriorated culminating in a situation in which there was a near-complete absence of procedures in the application of public resources. With assistance from our development partners, the Government enacted the PFM Act in 2009 to strengthen greater transparency and accountability around public resources.

A PFM Steering Committee (SC) is in place and responsible for strategic oversight of the reform program. It provides policy coordination and serves as the forum for resolving strategic issues impeding or attending program implementation. It is chaired by the Minister of Finance and Development Planning and includes the Minister of Justice, Minister of Internal Affairs, Minister of State for Presidential Affairs, Director General of the Civil Service Agency, the Auditor General, General Auditing Commission (GAC), and Executive Director General, Public Procurement. The committee meets quarterly.

The Project Technical Committee (PTC), is the forum where all Component Managers provide status updates on the implementation of their program activities. Theme Leads are selected by the respective beneficiary departments or agencies for each of the five components of the Project. The PTC meets monthly.

At the technical and operational level, the Reforms Coordination Unit (RCU), set up in 2010 and headed by a Coordinator, is in charge of the day to day operational administration of PFM coordination.

The Government has adopted a PFM Strategy and Action Plan (2010-2014) as the framework for the re-introduction of the necessary institutions, processes, and procedures meant to enhance the PFM systems in Liberia.

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Legal

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Integrity

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Internal Audit

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PSDI

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NAO

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ECOWAS

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Functions

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

 The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

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Structure

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Structure

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Structure

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The Office of the Minister

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

  6970 Hits

The Office of the Minister

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

  1401 Hits

The Office of the Minister

The MFDP is headed by a Minister, appointed by the President, with the consent of the Senate. As administrative head of the MFDP, the Minister provides broad strategic and policy direction for the running of the institution. The Minister is further charged with formulating, institutionalizing and administering economic, development planning, fiscal and tax policies.

The office of the Minister also oversees a number of core administrative units including Legal and Internal Audit. In addition, the office also has oversight over some specialized units including the Public Finance Management Reform Unit, the EU Authorizing Office and the ECOWAS National Unit.

  7903 Hits

Latest Press Release

14 July 2025
Press Release
Monrovia, Liberia — On Monday morning, employees at the Ministry of Finance and Development Planning celebrated a significant milestone as Honorable Augustine Kpehe Ngafuan, Minister of Finance and Development Planning, officially commissioned three ...
11 July 2025
Press Release
Washington DC: The Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan, held a high-level productive meeting with the Deputy Managing Director of the International Monetary Fund (IMF), Mr. Bo Li. ...

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Location

P. O. Box 10 - 9016
Broad & Mechlin Street
1000 Monrovia
info@mfdp.gov.lr

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