R’Groups Welcome CBL’s Loan Program

Three leaders of a  Consortium of Right Groups in Liberia have commended the Central Bank of Liberia for providing thirty-eighty Million Liberian Dollars (L$38,000,000.00) to the people of Bomi, Grand Cape Mount and Gbarpolu counties, respectively.

In a press statement issued in Monrovia, Amos B. S. Kanneh, (Chairman, Grand Cape Mount County); Rufus R. Johnson, (Secretary, Bomi County); and Alexander M. Williams (Gbarpolu County) said, they view such empowerment as a means of improving the lives of people of that region, which worth commendation.

According to them, the Central Bank loan program initiated by Executive Governor Joseph Mills Jones has no political interest, but to empower well meaning Liberian businessmen and women across the country.

Under the leadership of Dr. Jones the Western Region has received over US$220,000.00 from commercial banks at a low interest rate, which has assisted farmers in Bomi, Cape Mount and Gbarpolu, respectively.

They said if such current initiatives by the CBL had come earlier, Liberians would have gone far in economic empowerments and the poverty cry would have minimized in the country.

The Consortium said instead of appreciating the initiative aimed at improving the lives of ordinary people, detractors are associating the good intentions to political interest. They noted that the Constitution of Liberia gives opportunity to every citizen to contest for political office and Dr. Jones is no exception.

“We do not know the political interest associated with giving money back to our own people for loan. Let us not play politics with the intervention by the Central Bank. For the Central Bank at this time to reach the poor, who we refer to as downtrodden, to give them loans is something unimaginable and we must all embrace the idea and commend Dr. Jones for his farsightedness”, the statement read.