Central Bank Governor Dr. J. Mills Jones has reaffirmed the bank’s commitment to support financial growth among Liberians, especially those residing in rural parts of the country.
Governor Jones gave the assurance recently in Zwedru, Grand Gedeh County when hundreds of business people as well as motorcyclists and other residents lauded him and his staff for helping to better their lives through financial loans.
The idea of this financial inclusion scheme emanated from Dr. Jones, who believes that unless the Liberian people can have access to the national economy and poverty is reduced, the economy will not be where it ought to be, and the suffering of the people would continue.
The CBL boss noted that rural dwellers can be assured that they will always have access to loans from the bank as long as they are committed to repay them on time for others to benefit from the scheme.
Dr. Jones also pointed out that the timely repayment of loans will help boost the already fast-moving economy and will enable massive production in the country instead of concentrating only in Monrovia.
He told Grand Gedeans that the economic transformation that he is carrying on did not emanate from him, but somebody gave him the opportunity to serve, “I could have had all the good ideas in my head but without the opportunity to serve those ideas will all remain in my head,” he said.
Dr. Jones acknowledged President Ellen Johnson Sirleaf for her farsightedness in giving him the opportunity to serve as Executive Governor of the Central Bank of Liberia.
“We are now taking our job seriously. We want service that will make a difference in the lives of Liberians. We want to help the farmers in the villages. We are going to continue the program to see how the CBL can expand it and do better, especially learning from the past experience,” he added.
He told the crowds that, “If we have to fight poverty in this country, if we are going to improve the way we live then we have to find a way to do it for all of us.”
He, however, indicated that the country cannot be developed without the involvement of every citizen, and called on all citizens to put their differences aside and contribute their quota to the development of their respective counties.
The CBL Executive Governor told the residents that Liberians have been poor and it is about time that something is done about this, “We must do something for ourselves and get out of poverty and this can only be done through the empowerment of citizens.”
The CBL boss assured rural dwellers that the Bank remains committed to working with the Board of Governors, management and staff for the sustainable transformation of the Liberian economy.
He urged young people to respect the rule of law and elderly people if they are to take over the mantle of leadership when called upon.
Zwedru City Mayor Mrs. Rita Kai told the Daily Observer business desk in the county that she was proud to welcome and honor Dr. Mills Jones for his “Unprecedented, invaluable, committed and dedicated service toward the empowerment of Liberians through the practical demonstration of his indigenous approach to building the Liberian economy.”
Mayor Kai noted that the people of Grand Gedeh were overwhelmed by the financial and technical support they have received from the CBL through its unprecedented loan initiative under his leadership.
“A review of the performance of Liberian businesses after he took over as Governor of the CBL up to present reveals significant transformation in contrast to the past,” she said.
“Liberian business people have seen a new day. Access to finance is no longer a major issue; acquisition of skills and knowledge through capacity building is a milestone achievement that is accelerating the growth and expansion of Liberian owned businesses. We must commend you significantly for that,” she told Governor Jones.
Also speaking, Derrick Barshell, Secretary General of Friends of J. Mills Jones called on Dr. Jones to continue his initiatives to help Liberians.
He disclosed that the appointment of the CBL Governor at that post has also helped them to know the true meaning of the CBL and what it stands for because in the past they only knew it to be a bank.
“We call on you to continue the micro-loan scheme to the locals because poor parents who could not afford to pay their children's school fees can now do that through the micro-loan scheme,” said Derry.