In remarks at the signing ceremony, the Central Bank of Liberia announced a memorandum of understanding with the Bank of Ghana focused on capacity building and technical cooperation for Central Bank of Liberia staff. The agreement is intended to strengthen the Liberian central bank’s institutional capabilities by giving staff access to training and knowledge exchange with a regional peer. The memorandum provides for targeted training, technical attachments, joint research initiatives and peer-to-peer knowledge sharing. It covers banking supervision, payments systems development, monetary policy analysis, financial stability, cybersecurity and central bank operations. The Central Bank of Liberia linked the arrangement to its reform agenda and said the staff development supported by the agreement should also contribute to broader strengthening of Liberia’s financial sector. The Central Bank of Liberia said it now looks forward to implementing the memorandum’s provisions with the Bank of Ghana.