Business News of Thursday, 9 July 2026

Source: www.ghanaweb.com

Liberia turns to Ghana's SIGA model for State-Owned Enterprise reforms

The visit is aimed at providing the Liberian officials with insights The visit is aimed at providing the Liberian officials with insights

A delegation from Liberia’s Bureau of State Enterprises (BSE) has begun a five-day study visit to Ghana’s State Interests and Governance Authority (SIGA) to learn from the country’s approach to managing and reforming State-Owned Enterprises (SOEs).

The visit is aimed at providing the Liberian officials with insights into Ghana’s SOE governance framework, including performance monitoring, accountability systems, compliance mechanisms and digital transformation initiatives.

Welcoming the delegation, the Director-General of SIGA, Professor Michael Kpessa-Whyte, said the engagement highlights the importance of collaboration among African institutions to improve the performance and sustainability of public enterprises.

“This visit demonstrates our shared commitment to promoting good governance through peer learning, knowledge exchange and the adoption of proven best practices,” he said.

He added that stronger cooperation among African institutions was essential to building resilient and high-performing SOEs capable of supporting national development.

The Liberian delegation is led by the Director-General of the Bureau of State Enterprises, J.S.B. Theodore Momo Jr., and includes Deputy Director-General for Operations, Julius P. Browne.

During the visit, the delegation will engage with SIGA and selected specified entities to gain practical knowledge of Ghana’s governance structure for SOEs and how the authority monitors performance and ensures compliance.

The officials said the study tour forms part of Liberia’s broader public sector reform agenda aimed at improving transparency, accountability and operational efficiency within its state-owned enterprise sector.

They commended Ghana’s progress in strengthening oversight of SOEs, describing the country’s experience as a useful model as Liberia implements reforms through the newly established State-Owned Enterprises Authority of Liberia (SEAL).

Professor Kpessa-Whyte expressed optimism that the engagement would lead to sustained collaboration through technical exchanges, capacity-building programmes and partnerships between Ghana and Liberia.

He said cooperation between the two countries could contribute to improved governance and performance of public enterprises across West Africa.