Fresh controllers for CEMAC finance governance

The 31 new workers recruited and trained by BEAC have been injected into the institution.

Some 31 senior control agents (Controllers) recruited by the Bank of Central African States (BEAC) have finalised their capacity-building training and are now injected into the institution to give a fresh impetus in finance governance within the Central African sub-region.

The 22 men and nine women; seven each from Cameroon and Chad, Six each from Congo and Gabon and five from Central African Republic, were welcomed into BEAC in a solemn ceremony at the headquarters of the sub-regional institution in Yaounde on Friday December 12 chaired by BEAC Governor, Lucas Abaga Nchama.

Speaking during the ceremony, Mr Abaga Nchama said their recruitment and meticulous training were part of reforms undertaken some years back to ensure efficiency in the different operations of the institution for the good of member countries.

He announced that the fresh controllers, the 20th batch of the training centre, will work in Central African Banking Commission, COBAC, and in the general controls of the bank to engender efficiency in finance governance in the sub-regional banking institutions.

They will therefore work to ensure that decisions arrived at by the Monetary Policy Committee of the Bank of Central African States are respected to the letter by different banking institutions so that liquidity needed for diverse investment projects can easily flow for the sub-region to journey out of poverty and underdevelopment.

For success, the BEAC Governor prescribed discipline, integrity and probity. “Respect what belongs to BEAC and banks. You need to be exemplary and strive to cultivate excellence for the future of the central bank is in your hands,” Lucas Abaga Nchama told the new recruits.