Governor Sirleaf Lauds WAIFEM for Successful Capacity-Building

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Facilitators, CBL staff and participants at WAIFEM training held the Central Bank of Liberia in Monrovia

Acting Central Bank Governor, Charles E. Sirleaf, has lauded the West African Institute for Financial and Economic Management (WAIFEM) for successfully building the capacity in the sub-region over the past two decades.

Governor Sirleaf spoke on Monday at the kickoff of the Regional Course on economic and financial report writing skills and presentation techniques organized by WAIFEM. The week-long training brought together participants from Nigeria, Ghana, The Gambia, Sierra Leone and Liberia.

Governor Sirleaf said poor or ineffective communication is at the root of many of the problems starting from individual firm and community level, stating that effective communication is one of the solutions to some of these problems.

Governor Sirleaf said communication experts have observed that education in communication skills fosters the development of skills and sensitivities that shape social and political behavior and enhance cross-cultural relationships.

He said effective communication does not only enable individuals, corporate bodies and communities to express their identity, but it is also the indispensable means for any meaningful collaboration.

According to him, most business decisions involve the cooperation and interaction of several individuals or bodies to realize common goal.

“The realization of these common goals would be enhanced through effective communication of ideas and thoughts. The lines of communication must therefore be maintained to facilitate these joint efforts,” Governor Sirleaf said.

Governor Sirleaf said communication is central to the life of individuals, corporate organizations and the community and permeates virtually every aspect of human endeavor.

According to him, effective communication means interacting with people from diverse racial, ethnic and cultural backgrounds in the workplace or business environment.

He said communication principles and practices can help resolve or minimize disputes among nations as well as among management and employees.

Prof. Akpan H. Ekpo, Director General of WAIFEM, said today’s modern business organizations require constant and large amount of internal and external communication.

Therefore, Prof. Ekpo said those vested with the responsibility of these roles must master the communication process to enhance their job effectiveness.

According to Prof. Ekpo, the objective of the course is to empower the participants with the capacity to use communication as a powerful tool for job effectiveness.

Meanwhile, the training covered several areas including communication processes, grammar in writing, spoken English, writing styles, features of technical reports, computer applications in report writing, legal issues in reporting, data handling and analysis in technical reports.

WAIFEM was established on July 22, 1996, by the central banks of The Gambia, Ghana, Nigeria, Liberia and Sierra Leone, principally to strengthen capacity on a sustainable basis for macroeconomic, debt and financial sector management in the countries of member banks.

Since it commenced operations in 1997, the institute has executed more than 663 training and capacity building programmes in the form of national and regional courses and workshops.

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