14 December 2012

Liberia: Pro-Democracy Group Hits Back At CBL Boss' Detractors

A pro-democracy group, the Coalition of Youth and Student to enhance Peace and Democracy in Liberia has strongly expressed its disagreement and condemned recent claim by The Pilot newspaper on Monday, December 3, 2012 and Wednesday, December 5, 2012 respectively that there is a massive looting at the Central Bank of Liberia.

In a release issued yesterday in Monrovia, the group through its Executive Director, Amos B.S. Kanneh refuted claims by the newspaper when it said that the 300 million reserved that had been talked about has been used for Dr. Jone's personal presidential ambition.

The Consortium of Right Groups in Liberia is therefore, calling on the media to provide evidence to the Liberian people because they believe that such allegation has the propensity to undermine the good work of Dr. Mill Jones.

According to the group's Executive Director, Dr. Jones has demonstrated high degree of leadership ability that is characterized by high level of accountability, transparency and efficiency.

"All of these are reflections of good governance that gives birth to zero tolerance against corruption and other forms of administrative ineptitude as evidenced by LACC and G.A.C annual audit reports on C.B.L," the Youth and Student group intimated.

According to them, with the farsightedness and excellent regulatory leadership ability, the CBL was able to introduce several monetary measures and decentralization policies in line with international best practices in every commercial bank, and other financial institutions operating in the country.

"Today, every government employee can enter in any commercial bank in any part of the country to receive their just salary or benefit without any problem. Such measures are also coupled with the introduction of a comprehensive micro-finance program made by the CBL Governor through some commercial banks," the release said.

The group among other things said these regulatory actions have been paid off well in terms of creating opportunities for Liberians to access loans from commercial banks to improve the livelihood of the people with little interest rate in return.

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