Central Bank Reverses Decision To Hire Additional Liberians, After Being Told To Start Work On July 1, 2019

The Central Bank of Liberia has reversed its decision to hire the services of additional Liberians, after being told to start work on July 1, 2019, citing financial constraints

The hope those Liberians who work in the banking sector was dashed when a decision to employ them was reversed by the Board of Governors and Management of the Central Bank of Liberia.

Reports say an insignificant number of the disappointed Liberians were recruited through a competitive recruitment process, while the others were hired due to recommendations from top officials of the Weah-led government.

The disappointed job seekers were reportedly given letters of employment, to start work on the 1st of July, 2019.

Our reporter who visited the complex of the Central Bank in Monrovia said the frustrated Liberian citizens were standing outside the bank in total and complete disbelief.

Our reporter hinted that the disappointed Liberians who had gone to the job for the first time at the CBL were seen corporately attired.

A letter addressed to them by the bank, says the decision to cancel their letters of employment was based on financial constraints facing the CBL.

The letter, a copy in the possession of The Monrovia Times reveals that the constraints have further compelled the Central Bank of Liberia to place austerity measures recommended by the International Monetary Fund.

The reversal is also being blamed to the harmonization exercise currently being implemented by the Liberian government.

The communication maintains that part of the austerity measures calls for a freeze on employment beginning May 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s