Tag: Central Bank
Liberia: Supreme Court Ruling On Code of Conduct Effectively Ends Former Central Bank Governor Jones’ Presidential Quest
“The latest and first to be found ineligible to contest the country’s October election by the Supreme Court of Liberia’s Thursday ruling in which the Court upheld the Code of Conduct is former Central Bank Governor, Dr. J. Mills Jones.”
“President Adama Barrow was today inaugurated in the Gambian Embassy in Senegal and the West African regional group ECOWAS’ military arm, ECOMOG, has moved into Gambia to oust intransigent former Gambian President Yahya Jammeh from power who is refusing to leave power and declared state of emergency after losing the December 1st election last year”.
“The World Trade Organization (WTO) has released its annual report on the state of the world economy on April 14, 2014 press release, revealing Asia and Africa economies outpacing the rest of its geographic regions in growth. The report accounts Asia as recording the fastest GDP growth among WTO geographic regions posting 4.2%, a replica of the past two years followed by Africa which recorded 3.8%. The Middle East recorded 3.0%, South and Central America posted 3.0% and Commonwealth of Independent States (CIS) saw a 2.0% while North America recorded 1.8% and Europe accounting for the lowest growth in 2013 by recording a growth of 0.3%”.
“Our total disagreement and concern is with the overreach of this bill which in effect disenfranchises these individuals from exercising their political choice. It would seem by doing so would be penalizing them for having rendered invaluable services to the country. We are all aware of the role played by the bank in the negotiations and the arduous work done by it toward meeting the benchmarks that were required by the IMF and World Bank for external debt relief. We are also aware of the bank’s continuing astute management over the financial system of Liberia in adopting sound policies for the growth and expansion of the economy. We are cognizant of the low savings rate and depth of non-performing loans which have been some of the major challenges facing the banking system. The bank’s role in channeling loanable funds to underserved segments of the population should be embraced and further harnessed”.
Triangular Web of Thievery, Finance Minister and Deputies Feast on Public Coffers.
“An elaborate scheme to defraud the Liberian taxpayers and drain the country of the needed revenue for personal enrichment at Ministry of
Finance is currently in effect under the under the disguise of “Revenue Enhancement” program with the Deputy Minister for Administration, Jordan Solunteh as mastermind in acquiescence with the Deputy Minister for Revenue, James Kollie and the Finance Minister, Amara Konneh”.