General News

Breaking News

Political aid hinders good governanceMonie Captan

By Nathan Charles
Liberia Chamber of Commerce  President,  Monie Captan
Liberia Chamber of Commerce President, Monie Captan

(mylbsonline/Liberia)-Liberia Chamber of Commerce (LCC) President, Monie Captan, says ‘Political aid’ is a major factor undermining good governance and transparency in the country.

Mr. Captan said: “Most Liberian leaders adopted such policy that resulted to undermining economic development and transparency in the little West African nation.”

“There is so much power granted the Liberian Presidency and, as such, the entire government pays loyalty to the Head of State,” the LCC President said.

Mr. Captan made the statement Monday 18th March, 2013 in Monrovia at a one-day conference on Managing Natural Resource Revenues in Liberia.

The one-day conference was organized by the Liberian Government and the International Monetary Fund (IMF).
He said: “This situation is greatly affecting good governance in Liberia.”

Mr. Captan added: “The Head of State can influence policies, because all major actors in government are appointed by the Head of State.”

The former Liberian Foreign Minister named reduction in the President’s term, funding political parties, conducting constitutional review, decentralizing local government, among others, as factors that could help curtail political patronage.

Speaking at the one-day conference, Deputy Finance Minister, Sabastian Muah, called on the mineral sector stakeholders to work in Liberia’s interest.

Deputy Minister Muah said: “It would be very rewarding, if the mineral sector stakeholders work in Liberia’s interest, because the government has designed policies to making the country a middle income nation.” 


Copyright 2012 All Rights Reserved.