In less than twenty four hours, President Joseph Nyuma Boakai has received heavy criticisms over what they termed as broad day light nepotism at the highest level of government. The latest criticisms from some concerned citizens came following the appointment of Henry F. Saamoi as Acting Executive Governor of the Central Bank of Liberia by President Boakai. Saamoi’s appointment came less than a day after the suspension of the Executive Governor of the CBL, Aloysius Tarlue.Mr. Saamoa was the former Bank Governor of International Bank Liberia, Limited. In a vox pop interview, the concerned citizens also argued that President Boakai should have promoted from within the CBL’s system instead of bringing an outsider. It is also established that other top officials are allegedly linked to the corruption saga at the bank but the concerned citizen said the Liberian leader latest decision is a clear attempt to undermine good governance practices.In a related development, President Boakai has reactivated the Economic Management Team. The Team is expected to ensure coordination of the Government’s fiscal and monetary policy, the acceleration of economic reforms in building a robust and resilient economy and strengthening existing regulations as well as improve oversight functions of Ministries, Agencies and Commissions. The Team will also serve as a think tank on economic matters, proffer solutions that would tackle economic uncertainties, especially immediate policy interventions and improve the implementation of the Public Financial Management (PFM) law in ensuring transparency and accountability for the attainment of the ARREST Agenda for Inclusive Growth. The Economic Management Team (EMT) will be chaired by the President while key Members include: The Minister of Finance and Development Planning, Co-Chair, Executive Governor of the Central Bank of Liberia, Member, Commissioner General of the Liberia Revenue Authority, Member, Minister of Commerce and Industry, Member and the Chairman of National Investment Commission, Member. Others are the Economic Advisers to the President, Members and many more. President Boakai, at the same time, called on those appointed to continue to demonstrate diligence, commitment, integrity, professionalism, and loyalty in service to country.
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