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BusinessGeneralLiberia news

GVL appreciates host communities 

Golden Veroleum Liberia (GVL) has lauded communities in its operational areas for the support and collaboration towards its investment.

The company in a press release, says that while there are occasional challenges, as would be expected of an investment and operations of this scale, it appreciates the support it continued to enjoy from the communities and looks forward to a mutually beneficial working relationship in sustaining the operations.

The company adds that it is working with communities to ensure all MOUs are fully implemented in its developments and to continue to improve relationships with the communities. 

GVL says despite the challenges faced by its operations, it remains committed to improving the well-being of communities and employees and plans to sustain its operations in Liberia.

At the same time, the company expresses optimism that factors that directly impact and/or undermine its operations would be addressed and mitigated with joint efforts from the government and the company in the New Year, noting that it expects increases in production and improvement in operational efficiency by applying agronomy best practices.

However, GVL says it has experienced significant losses driven mainly by factors including high cost of materials imported into the country and logistical challenges coupled with the ailing economy and global price increases that remain the most serious challenges to its operations in Liberia. Press Release

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