On Thursday, July 10, 2024, a delegation from the World Bank paid a working visit to the State Interests and Governance Authority (SIGA) to receive updates on the implementation of the Public Financial Management for Service Delivery (PFM4SD) Program.
The Director-General of SIGA, Professor Michael Kpessa-Whyte, warmly welcomed the delegation and expressed appreciation for the World Bank’s continued support. He reaffirmed SIGA’s unwavering commitment to the successful delivery of the programme and the achievement of its outlined targets.
The meeting featured a comprehensive presentation by Mr. Eric Agyabeng, Acting Head of SIGA’s Performance Monitoring and Evaluation Division. Mr. Agyabeng outlined key milestones achieved under the programme while highlighting areas that require additional focus and improvement. His presentation provided valuable insights into the Authority’s ongoing efforts to enhance governance and accountability within the public enterprises sector.
The World Bank delegation engaged actively with the SIGA team, posing pertinent questions and offering feedback. The discussions also extended to other SIGA-led initiatives that may benefit from future collaboration and support.
In his closing remarks, Mr. Raymond Muhula, who led the World Bank delegation, commended SIGA for the progress made so far. He noted that the Authority’s efforts reflect a strong commitment to promoting enhanced oversight and responsible financial management across Ghana’s public enterprises sector. Mr. Muhula further emphasized the importance of regular update meetings to strengthen the partnership and ensure alignment between both institutions moving forward.
The Public Financial Management for Service Delivery (PFM4SD) Program is a results-based programme that captures Ghana’s strategy for strengthening oversight, performance management, and fiscal discipline of SOEs. This programme, which the World Bank funds under its “P for R” initiative, requires implementing countries to achieve agreed-upon results given the disbursement of allocated funds.