PRESIDENT SIRLEAF APPOINTS NEW FINANCE MINISTER AND NEW CENTRAL BANK GOVERNOR -BREAKING NEWS

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Liberia has a new Finance Minister, in the person of Boima Kamara, and a new Governor of the Central Bank of Liberia, Milton Weeks.

The President chose both of these two topmost officials from the same institution, the Central Bank of Liberia (CBL). Mr. Kamara was Deputy Governor of the CBL and Mr. Weeks was a CBL Governor.

Observers see three significant indications of these two appointments: first, that the President has chosen exceptionally well in filling them, which means that she is very serious about finishing well. She has two years to the end of her second term as President of Liberia.

Second, she recognizes the importance of the two institutions having an excellent relationship, in order to maintain the economic stability Liberia has enjoyed in spite of Ebola. Since Amara Konneh’s appointment as Finance Minister in early 2012, there has been a decisive disconnect between him and former Central Bank Governor J. Mills Jones—the two just never got along well.

Thirdly, choosing the new Finance Minister and the CBL Governor from the same CBL is a positive reflection of former CBL Governor J. Mills Jones. This may not have happened had he not run a highly productive and successful CBL during his 10-year tenure.

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