Charles Sirleaf Named Acting CBL Governor

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The Board of Governors of the Central Bank of Liberia (CBL) has elected Mr. Charles Sirleaf, the second son of President Ellen Johnson Sirleaf, as Acting Governor of the Central Bank. Shortly following Mr. Sirleaf’s election Monday, the outgoing governor, Dr. J. Mills Jones, handed over the reins of authority to Mr. Sirleaf, and departed into private life.

Mr. Sirleaf is said to be a highly experienced banker. In 1993 he joined the National Housing & Savings Bank (NH&SB) as vice president.

He later worked in Namibia, Southern Africa, for the United Nations Development Program (UNDP). In 1998, upon Mr. Sirleaf’s return from Namibia, he became president of the National Housing and Savings Bank.

At the same time, he served as Special Assistant in the capacity of Assistant Minister to former Finance Minister Charles Bright.

Mr. Sirleaf joined the CBL in January 2004 and served in various departments, including banking and finance, and was later named Deputy Governor for Operations, a position he held until yesterday when he was elected Acting CBL Governor at the age of 58.

In August 2012, President Sirleaf suspended Charles along with 45 other government officials for failure to declare their assets to the Liberia Anti-Corruption Commission.

As Acting Governor, one of his primary responsibilities would be to protect and grow the US$550 million reserves currently held by CBL, which his predecessor Gov. Jones grew from a staggering US$5 million in 2006.

Acting Governor Sirleaf holds a Bachelor’s degree in Economics from the University of Maryland at College Park. He also earned the MBA degree in finance from Mercer University in Atlanta, Ga. (USA).

Upon Governor Sirleaf’s return home, he taught Economics for seven years at the University of Liberia.

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