Build and defend the financial models that justify a project. A 6-day expert-led programme in financial and economic appraisal across the public sector, private investment, and PPP arrangements. Until you defend a model in front of a board, you haven't truly learned investment appraisal.
This is an expert-led training programme focused on the financial and economic appraisal of investment projects across both the public and private sectors, with additional coverage of Public-Private Partnership arrangements. The faculty bring a deliberate blend of industry expertise and academic rigour, designed to enable policy and decision makers to determine the financial and economic viability of projects with confidence.
You will work through pre-feasibility and feasibility studies, learn to discount real cash flows, build live Excel models, and apply alternative investment criteria — NPV, IRR, MIRR, payback, DSCR, LLCR, CEA — on the kinds of projects you actually appraise: mining, oil & gas, commercial agriculture, infrastructure.
Past editions ran in-person at our North Ridge campus. You asked for greater accessibility, so the 2026 edition is now fully virtual and priced at GHC 2,000, without compromising the practical workshop model.
By the final weekend, you will have built models you can show your boss, your investors, or your next employer.
From idea screening through pre-feasibility, feasibility, detailed design, and ex-post evaluation: a single framework you can apply across sectors.
Not just the theory. Live workshops in Excel with the actual functions and the discounting logic behind them.
Compounding, discounting, choice of discount rate, fixed vs variable rates, applied to real cash flows, not textbook abstractions.
How professional analysts structure feasibility work, from idea determination through detailed project design.
Consistent prices in cash flow forecasts, nominal interest rates, expected nominal exchange rates, and how to incorporate inflation correctly.
NPV, IRR, MIRR, payback period, DSCR, LLCR, and Cost Effectiveness Analysis. Knowing which to use is half the skill.
Model setup standards, named ranges and Excel tables, SUMIFS/COUNTIFS, date functions, ROUND family: the toolkit behind every defensible model.
By the final weekend, you'll have built models on real projects you can reference in interviews, boardrooms, and Monday morning meetings.
When a real deal lands on your desk, the EM Advisory team is still a call away. The certificate is not the end of the relationship.
Before we appraise anything, we set up Excel the way professional modellers do. By the end of Day 1 you'll have a clean model architecture, working named ranges, and fluency in the core time and financial functions used every day after.
An integrated approach to understanding what a project actually is, and the four lenses through which any project must be evaluated before money moves.
The professional workflow from idea to delivered project, and how to know which study phase you should actually be in.
The discounting logic behind every investment criterion, and the often-fudged question of which discount rate to use, and when.
The full toolkit of investment criteria, and the working understanding of which ones fail under which conditions. Hands-on Excel sessions throughout.
The capstone day: putting it all together on a real African project. You leave with a working pro-forma cash flow model you can show your team on Monday.
Limited seats per cohort. The virtual edition runs in July; a single in-person cohort is scheduled for Q4 2026 (date to be confirmed) for organisations that prefer face-to-face delivery.
Whether you sign loans at a bank, allocate public capital at a ministry, or run a portfolio of private investments, this programme is calibrated for working professionals.
Responsible for investment appraisal, project selection, and financing decisions in the public sector.
Loans and disbursement approval officers from local and international banks involved in project or investment financing.
Grants and disbursement officers from development finance institutions and donor-funded programmes.
Institutions with active investments in mining, oil & gas, commercial agriculture, and infrastructure development.
Every facilitator on this programme is a working advisor, currently briefing ministers, building financial models on active deals, or guiding multinational tax positions. They were trained at Queen's, Oxford, Durham, and Sheffield Hallam, but they earned their teaching credentials in the field.
Lead facilitator of the Training in Investment Appraisal and Project Selection (TIAPS) at EM Advisory. Ten-plus years as Senior Country Economist of the IGC in Uganda, with significant lead advisory roles across East Africa. Previously an economist at the Canadian Revenue Agency, advising on multinational tax. Since 2017, he has facilitated training across East and Southern Africa, and contributes to the Program in Investment Appraisal and Risk Analysis at Queen's University.
Extensive experience in baseline and endline studies, large systems interventions, organisational restructuring, and cost-benefit analysis. Worked on Ghana's National Identification System Project, leading its transition into a fully-fledged public sector organisation. Former Technical Advisor at Ghana's Ministry of Finance, advising on public sector efficiency, power sector reforms, and SME growth.
Applied economist with over a decade in public finance, infrastructure and deal advisory, and strategy consulting. Former Technical Advisor at Ghana's Ministry of Finance, evaluating PPP and public investment projects and developing financial models for transaction structuring. Earlier Senior Associate at KPMG Ghana in transaction advisory, corporate finance, and strategy consulting.
A rare blend of skills as a Lawyer, Chartered Accountant, and Chartered Tax Practitioner. Over 15 years of experience including Tax Advisor to Ghana's Minister for Finance, Senior Counsel at the Volta River Authority, and Policy Manager at Tax Justice Network Africa. An academic high-flier: three-times valedictorian, graduated national best at the Ghana Bar Finals in 2017, and Ghana's youngest Chartered Accountant.
Tuition covers the full six days, all training materials, the working Excel models you build, your professional certificate, and continued advisory access from the EM team.
Complete this form and our admissions team will respond within one business day with payment instructions and joining details.
We have received your Investment Appraisal application. You can request the programme WhatsApp group link below.
Request WhatsApp group link →