Home Economy River Gee Becomes CBL’s Central Location

River Gee Becomes CBL’s Central Location

by newsmanager

MONROVIA: River Gee County Superintendent, Philip Nyenun, has disclosed that the Central Bank of Liberia (CBL), has selected River Gee County as its Central Location in the Southeastern region of the country.
He said the selection of the County, which capital is “Fish Town” is predicated on its central location in the region, making it accessible to the five counties of the region.
According to him, the CBL has also broken grounds for a regional cash hub in the City which, when completed, would meet the banking demands of the country’s rural population.
He made the statement on Thursday, June 22, 2023, at the Ministry of Information, Cultural Affairs and Tourism during its regular Press conference.

Superintendent Nyenun said the regional cash hub will ensure the availability of liquidity to commercial bank branches and other related financial institutions in the rural parts of the country as well as enhance the CBL’s cash distribution capability in the economy.
“The hub will be the first-ever regional cash center constructed in the southeast and the second of four cash hubs earmarked for construction across the country. The River Gee cash hub is expected to serve thousands of Liberians living in Maryland, Sinoe, Grand Gedeh, and Grand Kru counties,” he said.

He said Liberian government has completed road construction work in several towns including Nyenawliken, Weah Town, Glaro and Gbeapo to Karwieken in the county.
He also said the Liberian government has constructed a Market building in the Fish Town city and named it in honor of the Chief of Protocol at the Executive Mansion, Nora Finda Bundo.

He said it is being named in her honor based on her meaningful contributions to the county. She was one of the marketers at the market.
Superintendent Nyenun added that authorities of the Liberia Electricity Corporation (LEC) have completed a feasibility study in the county and has assured citizens and residents of the county that before the July 26, 2023 Liberia Independent Day celebration, the entire county will be electrified.
Commenting on education, Superintendent Nyenun pointed out that, River Gee County under his leadership has made available US$60,000 as students’ aid.
River Gee was split from Grand Gedeh County in May 2000 after receiving approval from Liberia’s House of Representatives in May 1997 and Senate approval in March 2000.
On the east of the county is the Cavalla River that forms Liberia’s border with the Ivory Coast.

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