IPNEWS: Liberian President Joseph Boakai has appointed Henry Saamoi as acting Executive Governor of the Central Bank of Liberia, the Executive Mansion said in a statement Wednesday as reported by the Oracle News Daily on July 4.
He replaces Jolue Aloysius Tarlue, suspended Tuesday following audit report showing alleged financial irregularities.
President Boakai has reactivated the Economic Management Team to tackle economic uncertainties, coordinate fiscal and monetary policy, accelerate economic reforms, strengthen regulations and build resilient economy, the statement said.
With about 25 years of industrial experience, Saamoi served as Chief Executive Officer of International Bank Liberia Limited prior to his appointment.
Saamoi’s tenure at IB has been marked by a relentless focus on financial inclusion and leveraging banking tools to boost employment, income and grow businesses.
Under his leadership, the bank has implemented digital banking solutions and engaged in financial literacy campaigns to bring banking services to the unbanked and underbanked segments of the Liberian population.
From humble beginnings as an intern at IB in 1999, Saamoi has meticulously climbed the corporate ladder, taking on roles of increasing responsibility before being appointed CEO in 2012. Under his stewardship, the bank has seen remarkable growth, with its asset base ballooning from $20 million in 2007 to $125 million in 2018.
He earned graduate degree in banking from the University of Wisconsin in the United
