CBL and FeJAL Dispatch Seven County Mobilizers in Bong Following Two-Day Training
August 7, 2025
By Matalay S. Kollie
Gbarnga, Bong County: The Central Bank of Liberia (CBL), in partnership with the Female Journalists Association of Liberia (FeJAL), has dispatched seven Financial Education County Mobilizers across Bong County.
This initiative follows a two-day intensive training session aimed at enhancing financial literacy within the region, focusing particularly on empowering market women and other community members.
The training, conducted in Gbarnga, prepared thirteen community members to serve as mobilizers. These trained individuals will play a vital role in educating citizens on crucial financial topics such as setting financial goals, saving, budgeting, consumer protection, debt management, borrowing, investment, account opening, and insurance.
On August 6, 2025, the mobilizers were officially presented to Bong County’s leadership at a launch ceremony held at the Gbarnga Administration Building.
The event was attended by representatives from various organizations, including FeJAL, the Ministry of Cultural Affairs and Tourism, and PERT Consultancy, alongside local officials, market women, motorcyclists, and students. Cllr. Alphonsus Zeon, Chairman of the CBL’s Financial Education Working Group, highlighted the significance of the initiative during his address at the ceremony.
He pointed out that the national financial literacy campaign originated from an initiative by President Boakai in March and was aimed at equipping Liberians with essential financial management skills amid global economic uncertainties. Cllr. Zeon noted that the program is expanding beyond Monrovia, having previously launched in Grand Gedeh, Lofa, and Nimba, with future plans for Margibi County.
He emphasized a key aspect of the program: introducing a one-bank settlement system designed to facilitate the use of Liberian dollars for transactions in neighboring countries, including Guinea and Sierra Leone. This initiative aims to decrease reliance on the US dollar for cross-border trade and to promote economic stability within the region.
Furthermore, he announced that the CBL is incentivizing savings by offering a competitive interest rate of 17.25% on deposits through commercial banks. Cultural Ambassador Kerkura Kamara and FeJAL’s Finance and Administrative Assistant, Sweetie Cole, also spoke at the event, encouraging residents of Bong County to embrace the financial education program and collaborate with the newly appointed mobilizers.
Mrs. Marline Jarwoe, representing Bong County Superintendent Loleyah Hawa Norris, commended the efforts of the CBL and its partners in decentralizing financial services, reflecting a strong commitment to enhancing financial literacy in the community. The attendees expressed enthusiasm and commitment to participating in the awareness program, signifying a positive response to this crucial initiative.
