Central Bank of Liberia Says $20M Cash Import Standard Procedure, Validates Bank of Ghana Partnership
The Central Bank of Liberia (CBL) has issued a statement affirming the legitimacy of the $20 million cash shipment routed through the Bank of Ghana (BoG).
The transaction, which has been the subject of media scrutiny, is part of routine operations to meet the currency needs of the Liberian economy, including those of the government and commercial banks.
According to the CBL, the cash was imported from London by Travelex Currency, a recognized international currency shipment firm, and placed under the custodial care of the BoG as part of a long-standing agreement between the two central banks.
The CBL emphasized that the consignment was processed through both Ghanaian and Liberian customs, confirming its lawful origins.
In response to the media reports, the CBL reiterated its commitment to transparency and accountability, urging the press to verify information before publication.
The Central Bank of Liberia underscored the importance of its partnership with the BoG, which it described as a critical component of its currency management strategy.
