MONROVIA – In 2018, when the newly stamped government drove by George M. Weah took over from Ellen Johnson Sirleaf, they rushed to declare that the country’s economy was totally broken. This was underscored in Pres. Weah’s most memorable Yearly Message to the Council. Weah said: “… it is feasible to illuminate you that the state regarding the economy that my organization has acquired, passes on a ton to be wanted. This is plain so anyone might see for themselves, for we are totally impacted by it. Our economy is broken, our administration is destitute, our money is in drop, expansion is rising, joblessness is at an uncommon high, and our unfamiliar stores are at an unsurpassed low.”
Be that as it may, the previous President, Ellen Johnson-Sirleaf, wouldn’t let this slide without her own change. In a BBC interview in February 2018, she demanded that she left over US$150 million in the public cash safes when she gave capacity to Weah on January 22, 2018. She kept up with that the records were there, and the “figures represent themselves”.
The two incongruous assertions from the President and the previous President at the time incited the Place of Agents to refer to the then Legislative head of the National Bank of Liberia, Mr. Milton Weeks to give lucidity on the condition of the economy. Weeks unveiled to the House that as at January 22, 2018, “the complete surpluses was US$5,637,000”. Weeks further unveiled that the complete total surpluses in Liberian dollars was L$5534 million.
Presently Boakai Versus Weah
In the last days of Weah’s administration, he uncovered to the country not at all like his ancestor, he was leaving the administration with US$45 million in the public authority’s united record.
Weah: Countrymen, bits of gossip and deception have had a huge impact in our legislative issues throughout the course of recent years. It is my expectation we as a nation will defeat this test throughout the following six years. To start this, we should begin with current realities of the change.
I should answer to you that we are abandoning a preferred economy over we acquired. Tomorrow, president elect Joseph N. Boakai, will acquire a more grounded economy than I acquired.
There is a greater net global hold position than was given me in 2018. I acquired around 94 MILLION, 900 AND 99 THOUSAND US dollars in net worldwide stores, and I’m giving over to the following organization a net global save position of 200 22 MILLION, 700,000 US dollars. This is a 136 percent expansion in net worldwide hold position. The complete money balance in the Public authority’s Solidified records is US FORTY MILLION, 44 THOUSAND, 300 65 Bucks AND NINETY Pennies. In 2018, my Administration acquired a Solidified money position of around 7,000,000 US DOLLARS.
What the CBL Report Demonstrates
FrontPageAfrica got a duplicate of the Public authority of Liberia Combined Money Adjusts for FY2023 and FY2024 as of January 17, 2024. The equilibriums show that the complete for FY2023/2024 in US Dollars is US$28,270,302.87, while the absolute total in the Liberian dollar united account is L$2,237,071,975.08. What could be compared to the Liberian dollar part in US Dollars at the swapping scale of 190 is US$11,774,063.03. The amount of the US Dollar surplus and what could be compared to the Liberian dollars adds up to US$40,044,365.90.
Soundliberia saw that not in the least did Pres. Boakai downplay the surplus in the US Dollar part of the combined record, he additionally totally precluded the Liberian dollar part of the solidified record.
