MONROVIA, LIBERIA – As Liberia approaches the four-month mark under the Unity Party-led administration of President Joseph Boakai, there’s a palpable sense of optimism among civil servants. The timely disbursement of salaries, a long-standing concern, appears to be on the mend.
In a significant move towards enhancing the financial well-being of government employees, the Liberian government, through the Civil Servants Agency (CSA) and ECOBANK Liberia, recently introduced the 50% Salary Advance scheme. What makes this initiative even more commendable is the remarkably low interest rate of just 3%.
Mr. Josiah Joekai, the Director General of the Civil Servants Agency, expressed his appreciation for this transformative step. He remarked, “Folks, we are making steady progress towards the betterment of civil servants’ lives.”
Elaborating further, he shared, “Yesterday marked the official launch of the 50% Salary Advance scheme in partnership with ECOBANK Liberia. This initiative allows our valued employees to access up to 50% of their monthly salary directly into their ECOBANK Enhanced Salary Account.”
For civil servants interested in availing this facility, the process is straightforward. Simply open an ECOBANK Enhanced Salary Account, dial *326#, and the advance will be deposited into your account. The repayment is equally convenient, with the amount being deducted from the salary over a 30-day period.
Mr. Joekai also hinted at more positive changes on the horizon, stating, “This is a prelude to the highly anticipated biweekly payment system, which will further streamline salary disbursement and alleviate financial constraints.”
The introduction of the 50% Salary Advance scheme underscores the government’s commitment to prioritizing the welfare of civil servants. By addressing the issue of timely salary payments and offering financial solutions with favorable terms, the Unity Party-led administration is taking tangible steps towards improving the lives of those who serve the nation tirelessly.
As Liberia continues on this path of progress and reform, initiatives like these serve as a testament to what can be achieved when government agencies and financial institutions collaborate for the greater good.
