February 25, 2024

Boakai inherits over USD$ 40 Million From Weah administration…


Monrovia, Liberia – Liberia’s former president, George Manneh Weah, has disclosed that the economy his administration left for the Boakai administration is more robust than what the Ellen Johnson Sirleaf administration of 2018 left behind. On Sunday, January 21, 2024, former President Weah gave his farewell speech at the Executive Mansion, fulfilling his last promise to the people of Liberia. He wrote, “United States Dollars, Forty Million, Forty-Four Thousand, Three Hundred, Sixty-five Dollars, and Ninety Cents, I leave behind.”

Former President Weah claimed that there has been one hundred and thirty-six percent growth in the net international reserve position, indicating that the current UP administration under President Boakai is better equipped to handle urgent macroeconomic issues.

“I have to inform you that the economy we are leaving behind is stronger than the one we inherited.
The economy that President Joseph N. Boakai inherits is more robust than the one I inherited in 2018.”

“I inherited about NINETY-FOUR MILLION, NINE HUNDRED, AND NINETY-NINE THOUSAND United States dollars in net international reserves, and I am handing over to the next administration a net international reserve position of Two Hundred Twenty-Two Million, Seven Hundred Thousand United States dollars.”

“Forty million, forty-four thousand, three hundred sixty-five dollars, and ninety cents is the entire cash balance in the government’s consolidated accounts. My government inherited a consolidated cash position of approximately $7 million US dollars in 2018,” Weah revealed.

Under the direction of President George Manneh Weah, Liberia underwent a peaceful handover of power for the second time in the country’s history.

Weah’s administration saw Liberia maintain both internal and external peace, which is a credit to the nation’s maturity and strength. Liberia also maintained peace with its neighbors. After working together, Liberia is today seen as a beacon of democracy in West Africa and throughout the world.

Reported by: Jenneh Borbor


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