Remarks by the Executive Governor
Central Bank of Liberia
At the Signing Ceremony of the Memorandum of Understanding
Between the Central Bank of Liberia and the Bank of Ghana
On Capacity Building for CBL Staff
Madam Matilda Asante-Asiedu, Second Deputy Governor of the Bank of Ghana,
Other Representatives of the Bank of Ghana,
Mr. James B. Wilfred, Deputy Governor for Operations, CBL
Dr. Musa Dukuly, Deputy Governor for Economic Policy, CBL
Senior Management,
Members of the Press,
Distinguished guests,
Ladies and gentlemen:
It is my distinct honor and pleasure to welcome you to this important occasion—the signing of a Memorandum of Understanding between the Central Bank of Liberia and the Bank of Ghana for capacity building and technical cooperation.
Today marks a significant milestone in our ongoing efforts to strengthen the institutional capabilities of the Central Bank of Liberia. As we continue to navigate an increasingly complex financial landscape—regional, continental, and global—our ability to build a highly skilled, well‑trained, and forward‑looking workforce is fundamental to the fulfillment of our mandate.
This partnership with the Bank of Ghana is therefore both strategic and timely. The Bank of Ghana has long been recognized across the continent for its robust regulatory frameworks, strong supervisory practices, innovative approaches to payments modernization, and resilient monetary policy management. By entering this collaboration, we are opening new pathways for our staff to learn from a sister central bank whose experience and expertise will add tremendous value to the CBL’s reform agenda.
Through this MOU, our staff will have the opportunity to benefit from targeted training, technical attachments, joint research initiatives, and peer‑to‑peer knowledge sharing across critical areas, including banking supervision, payments systems development, monetary policy analysis, financial stability, cybersecurity, and central bank operations. These capacity‑building initiatives will not only enhance the technical proficiency of our team but will also contribute meaningfully to the broader strengthening of Liberia’s financial sector.
I want to emphasize that this partnership is more than an exchange of knowledge; it is a reaffirmation of the spirit of regional cooperation within the ECOWAS sub‑region and among African central banks. It is a demonstration of what we can achieve when we learn from each other, support one another, and work collectively toward shared goals of stability, growth, and financial sector resilience.
On behalf of the Central Bank of Liberia, I wish to express our profound appreciation to the Governor of the Bank of Ghana and his leadership team for their openness and willingness to engage in this mutually beneficial partnership. We look forward to implementing the provisions of this MOU with commitment and enthusiasm.
To the staff of the CBL: this agreement is an investment in you. I encourage you to take full advantage of the opportunities it will bring. The future of our institution rests on the quality of our human capital, and we are determined to ensure that you are equipped with the skills and exposure needed to lead the CBL into a new era of excellence.
Let me conclude by reaffirming the CBL’s commitment to continuous improvement, innovation, and institutional strengthening. With partners such as the Bank of Ghana, we are confident that we will continue to make meaningful progress toward a stable and inclusive financial system that supports sustainable economic development in Liberia.
Thank you, and may this collaboration flourish for many years to come.