Monrovia – Vice President Joseph N. Boakai has stressed Liberia’s capability to entertain investment in spite of the drawdown of the United Nations Mission in Liberia, adding that the country will remain stable in encouraging people in the sub-region to carry out investment due to their pivotal role in maintaining the lasting peace in the country.
He said, Liberia is grateful for the confidence reposed in her through financial investment, stating: “We want to be grateful to our sub-region for the confidence reposed in the country. We are proud over the investment.”
According to VP Boakai, with all the problems in Liberia, there is always ongoing business at banking institutions across the country.
Speaking Thursday at the launch of GN Bank Liberia Limited, Ambassador Boakai pledged Liberia’s continuous commitment to GN adding “gone are the days when we used to take about three, four to five banks to finance some projects, but today probably two or one banks can do it”.
Here to stay
At the same time, the President and Chairman of Groupe Ndoum, Dr. Papa Kwesi Nduom said the group commitment to establishing banks in Africa is their responsibility in sharing with Africa and the World at large noting that GN Bank is in Liberia to stay.
Dr. Ndoum stated that their presence in Liberia is not only focus on competition but to make the Banking industry to grow.
According to him, GN Bank Liberia Limited stands ready to demonstrate to Liberia what it has done in Ghana and other African Countries, especially the introduction of mobile banking technology.
“We believe that it is our responsibility to share in the task of nation building from institutions to and services in all our communities, and that is why we are here”, Dr. Ndoum said.
The GN Bank Liberia CEO termed as a welcoming decision to accept his entity adding that it will ease some of the burden many are facing in terms of job.
He also assured depositors of a secured fund saying shareholders capital will be managed properly, a process he said will reduce the limited bank population across Liberia.
Dr. Ndoum called on other banking institutions across Liberia to improve more on their investment in an effort to make Liberia financially strong.
Soon, according to him GN Bank will construct a multipurpose building as a demonstration of their long stay in Liberia and commended the Central Bank of Liberia and other Banking institutions that have been operating in Liberia over the years. “We are here as your colleague” he opined.
For his part, Central Bank of Liberia Governor Dr. Milton Weeks described the launch of GN Bank in Liberia as a milestone in the country which he said came through the collaborative efforts of CBL and its partners.
Governor Week’s termed the $18.5 Million investment by GN Bank as a sign of confidence amid series of challenges facing the financial sector.
“We are proud that good things are coming to Liberia despite challenges in the banking sector of Liberia. It means Liberia is on the right trajectory which is also the focus of government”, said Governor Weeks.
Willie N. Tokpah/[email protected]