Weeks Takes Over CBL

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The newly appointed Executive Governor of the Central Bank of Liberia (CBL), Milton A. Weeks, has been inducted into office, expressing his support for teamwork to ensure that the bank achieves its desired results in the remaining 19 months of President Ellen Johnson Sirleaf’s administration.

During the induction ceremony held over the weekend at the headquarters of the CBL on Ashmun Street in Monrovia, Mr. Weeks lauded President Sirleaf for his appointment and the opportunity to serve in the capacity of Executive Governor.

The induction ceremony was attended by some members of the Bank’s Board of Governors, including Charles E. Sirleaf, Deputy Governor for Operations and outgoing Deputy Governor for Economic Policy, Boima S. Kamara, who himself has been recently confirmed as the new Minister of Finance and
Development Planning. Others attending the ceremony included Julia Duncan Cassell, Minister of Gender, Children and Social Protection, Liberia Revenue Authority (LRA) Commissioner General, Elfrieda S. Tamba and members of Mr. Weeks’s family.

Mr. Weeks thanked the Senate for his confirmation and the CBL Board of Governors for their support with special thanks going to Deputy Governor Sirleaf, who was acting for the last four months during the transitional period.

The CBL currently has a very strong and hard working team, including the Board members, said Mr. Weeks, adding that their professionalism remains cardinal to the development of the bank.

“I am not here to change things in a negative way that will hamper the development of the CBL. I don’t want people to have misgivings about me in this position as Executive Governor or about this new administration. We are here to build on what has been achieved and everyone has done exceptionally well over the years to bring the CBL to its current position,” Mr. Weeks maintained.

The CBL Governor said he believes in teamwork for the growth of any institution, which his administration will welcome in helping to take the CBL to the next level.

“I also want to give thanks and appreciation to God for his wisdom to choose me for the task; and ‘to God be the glory.’ I want to give special thanks to my family for the level of close relationship and guidance that have reached me this far,” he said.

In his remarks, Governor David M. Farhat, a senior member of the Board of Governors, said that following Dr. Mills Jones’s completion of two terms as Executive Governor of the Bank, Governor Weeks who joined the Board of Governors not long ago was selected to succeed Dr. Jones.

He said Charles Sirleaf’s tenure as acting Governor left a high level of unity and cohesiveness at the bank.

“I want to assure the employees and people of Liberia that we will continue to work together to promote the CBL. We are also happy to have Governor Weeks as the Executive Governor and Chair of the Board. Governor Weeks has been with the CBL and we anticipate mutual understanding and working relationship moving forward,” said Governor Farhat.

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