MONROVIA, LIBERIA-The House of Representatives has requested its Banking and Currency Committee to further probe the Liberian Government’s Consolidated Account.
It followed a revelation by the Central Bank of Liberia (CBL) Authorities that as of January 19, 2024, the Consolidated Account had a little over 2.4 billion Liberian Dollars and twenty-seven million US Dollars, respectively.
President Joseph Boakai, during his recent State of the Nation Address, revealed that the account was at twenty-point-five million US Dollars.
However, former President George Weah had earlier said that his government was leaving forty million US Dollars in the Consolidated Account.
In the wake of the variance, the CBL struggled to make a definite position on the actual figure left in the Government’s Consolidated Account, following the transition.
Meanwhile, upon the Committee’s investigation, it is expected that a comprehensive report be submitted to inform that body’s decision.
By: Emmanuel Kollie
