Ngafuan Celebrates Boima S. Kamara’s appointment as WAMA Director General calls it a ‘Pride’ for Liberia

Monrovia, Liberia– The Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan congratulates on behalf of the  President,  the Liberian people and  praise the appointment of his predecessor, Hon. Boima S. Kamara, as Director General of the West African Monetary Agency (WAMA), calling it a “pride” for Liberia. 

 

Minister Ngafuan emphasized Kamara as one of Liberia’s finest sons, citing their shared history in education, the Central Bank of Liberia, and the Ministry of Finance. 

 

He expressed confidence that Kamara’s leadership will yield positive results over the next four years at the regional body.  

 

Minister Ngafuan made the remarks on Friday when a delegation from the West African Monetary Agency (WAMA), led by Director General Kamara, paid a courtesy call on him .

 

Ngafuan also pledged Liberia’s full support for Kamara’s tenure and viewed the courtesy visit as a strong symbol of positive transition and collaboration, underscoring the potential for current and former leaders to work together in advancing the nation’s goals.  

 

In response, Director General Kamara thanked current President Joseph Nyumah Boakai and former President Ellen Johnson Sirleaf for their support, recognizing that his service in various leadership roles in Liberia paved the way for his appointment.  

 

Kamara expressed that being the first Liberian to head WAMA is not only an honour for him but for Liberia as a whole. 

 

Hon. Kamara acknowledged the President of Liberia,  His Excellency, Joseph Nyuma Boakai,  Sr. and thanked the Finance Minister Ngafuan,  the Central Bank of Liberia, and the Liberian people for the tremendous support he receives in making his bid successful for the position of Director General of the West African Monetary Agency. 

 

He pledged to represent the country with integrity on the regional stage.  

 

As part of his vision for the future, Kamara emphasized the need for West African countries to adopt innovative solutions in addressing regional challenges, stressing that “West African problems should be solved by West Africans.” 

 

He called for thinking “outside the box” and for the region to tackle issues such as fiscal constraints and the instability of energy supplies, which contribute to high inflation in many parts of West Africa.  

 

Kamara also noted that the conditions driving inflation are more structural than monetary, urging for a comprehensive approach to tackling these persistent challenges.  

 

He acknowledged the significant responsibility of achieving macroeconomic convergence in the region and outlined WAMA’s ambitious goals to work closely with Central Banks and Ministries of Finance across the 15 ECOWAS member states.  

 

The WAMA delegation, led by Kamara, included his immediate predecessor, Momodou Bamba Saho.