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Home » world » Liberia’s new president Weah Cuts His Salary To Invest In Liberia’s Economy
Weah cuts his salary

Liberia’s new president Weah Cuts His Salary To Invest In Liberia’s Economy

Liberia’s new president, George Weah, pledged to cut his own salary by 25% during a nationwide address in which he warned of tough times ahead for Liberia.

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Weah said: “The state of the economy that my administration inherited leaves a lot to do and to be decided.”

“Our economy is bad ; our government is poor. Our currency is in free fall; thus inflation is on the rise,” Weah said. “Unemployment in Liberia is unmatched and high and our foreign reserves are at an all-time low.” He continued

George promised to fight corruption in Liberia as he took the oath at the national stadium in the capital Monrovia.

But since winning the election in Liberia Weah has been at pains to show just how daunting he understands the task ahead to be.

“As it is seen, the situation of our economy is quickly worsening, Therefore I hereby inform you that with immediate effect, my salary will be reduced by a quarter,” George

The 25% savings will help be a developmental fund to the western country nation Liberia

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About nasasira benjamin

nasasira benjamin
Posted by benjamin, An associate Author & Editor at newslexpoint, he loves writing especially articles in entertainment and lifestyle aswell as editing.
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