The Managing Director of the Guaranty Trust Bank (GTBANK), Mr. Dan Orogun, said that there is no doubt about the capability and leadership ability of the Executive Governor of the Central Bank of Liberia (CBL), Joseph Mills Jones, whom he said, has contributed immensely to the economic growth of the country.
Mr. Orogun noted that Governor Mills Jones is doing all he can in an effort to make the Liberian financial sector more vibrant, which he said is being especially manifested in the transformation, growth and stability of the banking sector.
The GT Bank MD made the comments on Saturday, January 18, while serving as the keynote speaker at the induction ceremony of the new corps of officers of the Central Bank Staff Association (CEBSA).
Speaking at the occasion held at the cafeteria of the CBL in its headquarters in Monrovia, Mr. Orogun said “the CBL initiatives are aimed at improving the profitability of the banking industry through credit reference systems and supporting regulation to address the issue of delinquent borrowers and high level of non-performing loans.”
According to him, the importance of the banking sector in any country cannot be overemphasized, because it is the foundation for that nation’s economic growth.
Mr. Orogun added that the introduction of a Treasury bills (reserves) and the CBL bills are intended to enhance the yield on our idle Liberian deposits, availability of medium to long term funds for non-lending to strategic sectors of the economy and current effort is being put into place so as to ensure that inter-bank market is promoted in the country.
The GT Bank boss told the newly inducted executives of the Central Bank Staff Association (CEBSA) that they need to realize that a disgruntled or unhappy work force would not be able to deliver the kind of excellent results expected by the leadership of the organization unless they behave themselves.
He noted that such occasions are not just reasons for celebration, but also moments of reflection for the new executives; whose primary objective should be how to improve on the achievement of the past executives and meet the aspiration of the CBL dedicated work force.
“Your role as a leader in this institution includes bridging the communication gap between staff and executive management. You should also be willing to render trustworthy, staff-centered, purposeful and courageous leadership in this institution,” Mr. Orogun to the CEBSA officers.
“It is important to realize, for a very successful and dynamic institution like the CBL, which is run on three core processes of strategy, operation and people, that the people process is most important. That is why it’s often said that “people are the most important Assets of an organization,” Mr. Orogun concluded.
For his part, the newly inducted president of CEBSA, Mr. D. Bouleigh Cooper promised his colleagues that his administration would expand and improve the good working relationship with the administration of the CBL in seeking the common welfare of its staff.
Mr. Cooper also used the occasion to call on the management of the CBL to establish a cordial working relationship with them in ensuring that their mandate is achieve.
Delivering his inaugural address at the program, Mr. Cooper emphasized that his administration would provide a stable work environment for all staff of the institution.
The CEBSA president told employees of the CBL to renew their commitment to the job as they all fight to see a better day.
Those inducted into office were: Mr. D. Bouleigh Cooper, president; Miss Bernice Paw, Vice president; Mr. J. Roland Sam, secretary general. Others include Mrs. Sylvia F. Tarkpah, Financial Secretary General; Mrs. Geraldine Layweh, Treasurer; and Mr. Mathias Cooper, Chaplain.