By Prince Nagbe
MONROVIA, Dec. 6 (LINA) – The President of the Liberia Business Association (LIBA) is calling on all Liberian-owned businesses to cultivate positive credit-worthy attitude.
Speaking at a one-day symposium organized by the Liberia Bankers Association (LBA) on Thursday, Mr. Dee- Maxwell Kemayah stressed that refusal to pay back loans by Liberian businesses is a bad business practice that affects the national economic transformation process.
He admonished Liberian businesses to desist from such unwholesome act which has the propensity to cause stagnation of the banking sector.
Mr. Kemayah said his institution supports the naming and shaming scheme organized by LBA to deal with chronic delinquent borrowers.
He said LIBA has extended a hand of partnership to the Liberia Bankers Association and such partnership should be sustained.