Business News of Thursday, 5 February 2026

Source: siga.gov.gh

IMF Resident Representative pays courtesy visit to SIGA

Professor Michael Kpessa-Whyte (L) and Dr Adrian Alter (R) during the visit Professor Michael Kpessa-Whyte (L) and Dr Adrian Alter (R) during the visit

The State Interests and Governance Authority (SIGA) on Thursday, February 5, 2026, hosted the Resident Representative of the International Monetary Fund (IMF) to Ghana, Dr Adrian Alter, for a courtesy visit focused on strengthening State-Owned Enterprise (SOE) oversight, fiscal risk management, and ongoing public sector reforms.

Welcoming Dr Alter, the Director-General of SIGA, Professor Michael Kpessa-Whyte, expressed appreciation to the IMF for the visit and for its continued engagement with Ghana’s public sector reform agenda.

He described the interaction as an important step in strengthening the working relationship between SIGA and the IMF, particularly in areas relating to SOE oversight and fiscal sustainability.

“We value our engagement with the IMF and appreciate this visit as an opportunity to strengthen collaboration. SIGA has made progress in improving compliance on submissions by Specified Entities, strengthening corporate governance frameworks, and reinforcing accountability in our Specified Entities. We look forward to deepening our collaboration with the IMF, particularly in capacity building and performance monitoring to further strengthen SOE oversight,” Professor Kpessa-Whyte stated.

As part of the engagement, the Ag. General Manager, Finance and Administration, Samuel Ankomah, delivered a presentation providing an overview of SIGA’s mandate and operations.

The presentation highlighted SIGA’s performance contracting framework, fiscal risk reporting, and ongoing efforts to improve SOE data quality, investment appraisal, and risk assessment.

In his remarks, Dr Adrian Alter commended SIGA for the progress achieved in strengthening oversight of the SOE portfolio and acknowledged the Authority’s growing institutional role within Ghana’s public sector governance architecture.

He noted that collaboration between the IMF and SIGA could be further strengthened through targeted capacity building, particularly in investment management, sound investment decision-making, and enhanced performance monitoring of SOEs.

“SIGA has made important strides in improving oversight and accountability across State-Owned Enterprises. There is significant scope for deepening IMF–SIGA collaboration through capacity building to support better investment decisions, stronger performance frameworks, and more effective monitoring systems that help manage fiscal risks,” Dr Alter noted.

Discussions during the meeting also touched on IMF technical assistance, the integration of SOE-related risks into fiscal frameworks, and the importance of robust data systems.

Other officials present at the meeting were Madam Millicent Atuguba, Ag. General Manager, Operations; Eric Bonsu Agyabeng, Head of Performance Monitoring and Evaluation; and Joseph Sarpong, Head of Governance, Risk and Compliance.