Home Africa Liberia: Ngafuan endorses bailout for struggling commercial banks

Liberia: Ngafuan endorses bailout for struggling commercial banks

Liberia: Ngafuan endorses bailout for struggling commercial banks

Rédaction Africa Links 24 with New Dawn
Published on 2024-12-09 02:41:00

The government’s $12 million financial package for intervention in the private bank’s bailout has generated both support and criticism here.

By Stephen G. Fellajuah

Monrovia, December 9, 2024: Liberia’s Finance Minister Augustine Kpehe Ngafuan has strongly endorsed the idea of a government bailout for struggling commercial banks.

In an appearance on Spoon Talk on December 7, 2024, Minister Ngafuan specifically cited the government’s intervention in the situation of SIB Liberia Limited,…

Read the full article on The Newdawn Liberia

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