The Liberian Bankers Association (LBA) has honored the outgoing Executive Governor of the Central Bank of Liberia (CBL), Dr. Joseph Mills Jones, for his unprecedented support to the Liberian economy.
The honoring ceremony, which took place last Friday at a local hotel in Monrovia, brought together top executives from nine commercial banks to bid farewell to Governor Jones for 10 years of valuable service to Liberians as well as the banking sector.
President of the LBA, Mr. John B.S. Davies, III, who spoke at a farewell reception in honor of the outgoing CBL Governor, said Liberians will forever remain grateful for his many contributions.
He said Dr. Jones deserved the honor, because he did extremely well by improving the lives of his people and the banking sector as well.
In his reflections and statement of appreciation to Governor Jones, Mr. Davies, who is also president of the Liberian Bank for Development and Investment (LBDI), described him as an “astute Leader and true son of Liberia.”
“I am particularly overwhelmed by the enormous and unprecedented financial and technical support we received from the CBL under the governorship of Dr. Jones,” Mr. Davies noted.
Speaking about some of Dr. Jones’ achievements during his tenure, LBA president highlighted that there were only nine commercial banks in Liberia before Dr. Jones, but today under the astute leadership of Dr Jones commercial banks can boast of 11 institutions with growing assets of L$78 billion.
“When we look back at the years and the role card, we say thank you Governor Jones because you did well for the banking sector and the people of Liberia,” he said.
He also pointed to Governor Jones’s assistance in providing US$5 million to the rubber sector of Liberia, especially when Ebola struck the country’s economy.
The LBDI president also admonished the outgoing CBL Governor that in his life sojourn, he should remember them as bankers.
Earlier in his welcome statement, Henry Saamoi, executive member of LBA and CEO of International Bank, told the gathering that the Governor will forever be remembered in the banking sector of Liberia.
Mr. Saamoi said if the outgoing CBL Governor has more time, he believes the Liberian banking sector will be one of the best in Africa.
He praised the outgoing CBL Governor for his many contributions to Liberia.
In response, the outgoing CBL Governor said instead of people seeing him leaving the walls of the Central Bank of Liberia, he should be seen as entering the courtyard of Liberia. Dr. Jones said the hope that the Liberians express also reminds him of the hope that he has for Liberia.
He also said he believes that Liberia, a country of hope, is on the verge of revival.