-For Promising To Make CBL Independence
By Reuben Sei Waylaun
Montserrado County electoral district#17 Representative, Hanson Kiazolu has lauded President George Manneh Weah for assuring the independence of the Central Bank of Liberia.
Addressing Legislative Reporters shortly after the President’s speech, Representative Kiazolu said the Liberian leader’s speech was timely.
According to the Montserrado County lawmaker, the reserved bank should be independence by law and the emphasis by the president is laudable.
“He must be lauded for this statement looking at the controversies that has engulfed the Central Bank. The bank needs the expertise of people who are not party driven,” Representative Kiazolu.
On Wednesday May 29, 2019, President Weah announced several steps that are expected to restore the independence of the Central Bank of Liberia.
“We are taking actions to instill greater confidence in the Central Bank of Liberia and the banking sector at large. The integrity and independence of the Central Bank will be assured and protected under my administration, and this resolve will be critical in the years ahead,” he assured.
He added “In this regard, I wish to announce that the Government of Liberia, under my leadership, will no longer borrow from the Central Bank of Liberia for its short-term liquidity needs. For monetary policy to work, Liberians must develop confidence in the banking sector.”
The New Republic Newspaper is an independent newspaper established in 2009 by a Liberian journalist, Alphonso Toweh with many years of experience for the key purpose of reporting a balanced coverage of events as well as promoting Liberia’s image locally and internationally.
Toweh has been working for Reuters News Agency as its correspondent since 1998 to present. In addition to that, he has served as correspondents for the following magazines: West Africa New African, Africa Week and African Observer.
More to that, he worked for Radio Deutche Welle radio in Germany, Radio Netherlands and contributed to CNN, BBC News hour, BBC TV as well as Africa Confidential and Sunday Times in London.
The paper has no political affiliation nor ethic lineage. The focus and primary commitment is to ensure the sovereignty of Liberia and unity for Africa. It seeks to foster human rights and freedom of the press.
The New Republic is a liberal paper dedicated to upholding the tenets of democracy. It believes that state can not only create the political, social, economic and cultural spirit, but also to ensure that all human beings, irrespective of any affiliation is able to achieve its highest human potentials.
The paper strives for free speech and equal opportunity for all. Importantly, it believes that the nation must intervene judiciously in the economic life, in order to minimise the adverse effects of free enterprise and ensure that less privileged people have reasonable and fair access to the basic necessities of life. By this, it would help reduce some level of threat.
New Republic brings huge commitment to its readers and offers the nation the type of media that will advocate for the people and nudge our nation on the path of development and social re-engineering