Home NewsLiberia Pres. Boakai Reports 20.5 Million USD in Consolidated Account

Pres. Boakai Reports 20.5 Million USD in Consolidated Account

by Edward Tamba

MONROVIA, LIBERIA-President Joseph Boakai has reported that he met only 20.5 Million US Dollars in Liberia’s Consolidated Account.

The disclosure is contrary to the account of former President, George Weah, who recently claimed in his farewell speech that he left 40 Million Dollars in the account.

President Boakai said the disclosure by the Central Bank of Liberia (CBL) has reawakened his desire to commission an audit of the past government of former President Weah.

In his first State of the Nation Address on Monday, January 29, 2024, the Liberian Leader vowed to ensure that the audit becomes a normal culture across all branches of Government.

He then reassured of his Government’s commitment to invest in the private sector to resuscitate the economy, create jobs, and improve infrastructure.

President Joseph Boakai also promised to reduce growing public debt and cut down wasteful spending in Government, including travel.

The Liberian Leader said Liberia will continue to foster cordial relations with other countries in the Comity of Nations, adding that the move is aimed at strengthening bilateral and multilateral ties with sub-regional countries, Continental, and other international bodies.

President Boakai noted that the Country will continue to pursue a policy of friendliness as Liberia remains in peaceful coexistence with its immediate neighbors.

At his first State of the Nation Address, President Boakai said his Government would work along with the National Legislature to ensure that Liberia settles arrears with various organizations, stressing that the failure of Liberia to meet its obligations, will undermine its standing with those multilateral bodies.

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