Home Africa Liberia’s President Raises Concerns Over Government Bank Balance Record During Weah Administration

Liberia’s President Raises Concerns Over Government Bank Balance Record During Weah Administration

Liberia’s President Raises Concerns Over Government Bank Balance Record During Weah Administration

Rédaction Africa Links 24 with Africanews
Published on 2024-01-31 16:45:42

Liberia’s former administration’s exit from power has raised questions about the state of the country’s finances. President Joseph Boakai, who was sworn in on January 22nd, disputed former President George Weah’s claims that the state coffers held $40 million, asserting that the balance recorded was actually $20.5 million.

The Liberian media reported that the Senate has ordered the Central Bank to address the discrepancies between the two presidents. Reports indicate that the Senate has tasked its joint committees on Public Accounts and Audit, as well as Banking and Currency, to invite the leadership of the Central Bank of Liberia to provide clarity on the matter.

President Boakai has made a commitment to addressing corruption and ensuring that regular audits become standard practice across all branches of the government, not just the executive. He has expressed a desire to implement measures to tackle corruption head-on.

Following his loss in the presidential election last November, George Weah was reported to have stated that he did not expect President Boakai to pursue officials from his administration. He emphasized that he did not prosecute anyone from the first Unity Party government during his tenure as Vice President.

The discrepancy in the reported state funds and the Senate’s intervention to address the issue indicate a need for transparency and accountability within the Liberian government. President Boakai’s commitment to tackling corruption and implementing regular audits is a positive step towards improving governance and ensuring the responsible management of public finances. It remains to be seen how the government will address the issue and work towards building public trust in the country’s financial management.

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