Facing a “broke” Country, Liberia’s Weah Cuts His Own Salary

Liberia’s newly sworn-in President George Weah pledged to cut his own salary by a quarter on Monday, in a nationwide address in which he warned of tough times ahead for a “broke” country.

“The state of the economy that my administration inherited leaves a lot to do and to be decided,” the former international soccer star said in an address apparently aimed at lowering high expectations following his election victory at the end of last year to replace Ellen Johnson Sirleaf.

“Our economy is broken; our government is broke. Our currency is in free fall; inflation is rising,” Weah said. “Unemployment is at an unprecedented high and our foreign reserves are at an all-time low”.

Weah had promised a crackdown on endemic corruption as he was sworn in a week ago to the cheers of thousands of exuberant supporters crammed into a stadium in the capital, Monrovia.

But since winning the poll in the poor, coastal West African nation, the award-winning former AC Milan and Paris St Germain striker has been at pains to show just how daunting he understands the task ahead to be.

“In view of the very rapidly deteriorating situation of the economy, I am informing you today, with immediate effect, that I will reduce my salary and benefits by 25 percent,” Weah said, pledging the savings to a development fund for Liberia.

The announcement of a pay cut for himself is likely go down well on a continent long used to officials in high office awarding themselves fabulous pay rises and perks.

Liberia suffered civil wars from 1989-2003 that killed hundreds of thousands of people. Then, as it was recovering in the past decade, it was hit by low prices for its chief exports, iron ore and rubber, and a 2014-16 Ebola outbreak.

Source: pocketnews

 

Check Also

Iranian Instagram star ‘arrested for blasphemy’

An Iranian Instagram star famous for her radical appearance and cosmetic surgery has been arrested for blasphemy …

Bomb explosion at South Africa embassy, fake news – Nigeria govt

The Nigerian government on Saturday dispelled reports that there had been an explosion at the …

Canadians kidnapped in Ghana, Global Affairs Canada says

Canadian officials working alongside local authorities, in touch with families CBC News · Posted: Jun 06, 2019 …

Theresa May to resign as prime minister

Theresa May has said she will quit as Conservative leader on 7 June, paving the …

Leave a Reply

Your email address will not be published. Required fields are marked *