Over the last few weeks, President George Weah announced the decision to borrow funds through two loans to finance major infrastructure projects. With an already high debt portfolio, it doesn’t make economic sense to be borrowing such an amount now, especially so when the outlook of the economy is not positive.
Central Bank Finally Dismisses Employee Who ‘Leaked’ Weah’s Trip Cost
Alfred Cheeks, the Central Bank employee accused of leaking documents revealing the cost of Pres. George Weah’s first trip to France, has finally been dismissed from the institution for breaching a confidentiality agreement.
Women in Business Advance Roadmap to Increase Participation in Decision-making
Nearly one year after a taskforce was charged with determining the issues contributing to a low percentage of women on company boards in Liberia, that taskforce has presented its findings and recommendations.
Legislature Receives Recast Budget for 2017/2018
The 54th National Legislature has announced receipt of the 2017/2018 recast national budget.
Central Bank Employee Released From NSA Custody
Alfred Cheeks, an employee at the Central Bank of Liberia who was suspended, arrested, and placed behind bars for breaching the bank’s confidentiality policy has been released.
Ganta Experiences Unstable Exchange Rate, as Some Money Changers Refuse to Adhere to Lower Rate
There are different exchange rates being offered in Nimba’s largest commercial city following an unprecedented drop in the value of the United States dollar against the Liberian dollar.
Fluctuation in U.S. Exchange Rate Appears to Be a Result of Rumors
Vendors attributed the fluctuation to rumors and fears that Weah’s address would have ordered an immediate decrease in the value of the U.S. dollars on the market.
Central Bank Commences Seminar for Rural Finance Institutions
The Central Bank of Liberia is conducting a four-day seminar for rural community financial institutions in Ganta.