Calls it a ‘Pride’ for Liberia.
Monrovia, Liberia – The Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan congratulates on behalf of the President, the Liberian people and praise the appointment of his predecessor, Hon. Boima S. Kamara, as Director General of the West African Monetary Agency (WAMA), calling it a “pride” for Liberia.
Minister Ngafuan emphasized Kamara as one of Liberia’s finest sons, citing their shared history in education, the Central Bank of Liberia, and the Ministry of Finance. He said he is confident Kamara’s leadership would lead to successful outcomes at the regional body during the next four years.
The comments were made by Minister Ngafuan during a courtesy call on Friday by a group from the West African Monetary Agency (WAMA), which was led by Director General Kamara.
Ngafuan also promised that Liberia will fully support Kamara’s term in office. He saw the courtesy visit as a powerful representation of constructive change and cooperation, highlighting the possibility of cooperation between the country’s current and previous leaders in furthering its objectives.
Director General Kamara responded by thanking former President Ellen Johnson Sirleaf and current President Joseph Nyumah Boakai for their support, acknowledging that his work in numerous leadership positions in Liberia made his appointment possible.
Being the first Liberian to lead WAMA, Kamara said, is an honor for him and Liberia.
Hon. Kamara thanked the Central Bank of Liberia, the Liberian people, and Finance Minister Ngafuan for their tremendous support in helping him win the position of Director General of the West African Monetary Agency. He also acknowledged the President of Liberia, Amb. Joseph Nyuma Boakai, Sr.
He promised to represent the nation honorably in the regional arena. In his perspectives for the future, Kamara underlined that “West African problems should be solved by West Africans” and that West African nations must embrace creative approaches to regional issues.
He urged the region to go “beyond the box” and address problems including budgetary limitations and energy supply volatility, which fuel high inflation in many West African countries.
Kamara also pointed out that structural factors rather than monetary ones are what cause inflation, and she called for an all-encompassing strategy to address these enduring issues.
In addition to outlining WAMA’s ambitions to collaborate closely with Central Banks and Ministries of Finance throughout the 15 ECOWAS member states, he acknowledged the enormous responsibility of attaining macroeconomic convergence in the region.
The WAMA delegation, led by Kamara, included his immediate predecessor, Momodou Bamba Saho.
