CBL Breaks Ground for US$400k Regional Bank

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By Patrick Stephen Tokpah/Bong County Correspondent

GBARNGA-The Government of Liberia through the Central Bank of Liberia (CBL) has broken ground for the construction of a US$400, 000 worth of regional bank in Gbarnga, Bong County.

Speaking at the ground breaking ceremony on January 30, 2021 in Gbarnga, Bong County, the Central Bank of Liberia Executive Governor, Aloysius J. Tarlue said the idea behind the construction of the new regional bank isto create access to cash in other to alleviate the difficulties citizens face during bank’s transaction in the County.

The Central Bank Executive Governor also disclosed that when completed, the bank will strengthen the  movement of cash in the region, where those from neighboring counties will not have to travel to Monrovia to transact with the CBL.

Governor Tarlue said other sub branches of the CBL will be constructed in different parts of the Country, maintaining that the one in Gbarnga will be the second biggest next to the one in Monrovia.

Additionally, the CBL Executive Governor said over the years citizens in Bong County have been hugely challenged in obtaining cash from only Liberia Bank for Development and Investments (LBDI) especially classroom teachers in the County.

Remarking at the ground breaking ceremony in the County, Bong County Superintendent, Esther Walker and the Secretary of the Bong County Legislative Caucus, Representative J. Marvin Cole extended commendation to the CBL for selecting Gbarnga for the construction of the regional bank.

The two Bong County officials said the construction of the CBL local office particularly will be helpful to teachers who have to wake up as early as 3:00AM just to get their salaries from the LBDI in the County.

Superintendent Walker and Representative Cole warned contractors and citizens to desist from any act that will be counterproductive to the successful construction of the bank, especially selling construction materials.

The project is expected to be completed within six months

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