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Home Featured

Liberia’s President Joseph Boakai Slashes His Salary By 40%

by ReportersAtLarge
July 9, 2024
in Featured, WorldNews
Reading Time: 1 min read
0
Liberian President Joseph Boakai President of Liberia

Liberian President, Joseph Boakai (Photo: EPA)

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Liberia’s President Joseph Boakai has voluntarily slashed his salary by 40 per cent to reflect his resolve to lead by example in strengthening accountability.

His office said he hoped to set a precedent for “responsible governance” and demonstrate “solidarity” with Liberians.

Government salaries have been under intense scrutiny recently as Liberians complain about the rising cost of living. Around one in five people live on less than $2 (£1.70) a day in the West African state.

Mr Boakai revealed in February that his annual salary was $13,400. The cut will bring it down to $8,000.

“In fulfilment of his commitment to fiscal integrity and national financial security, President Joseph Nyuma Boakai, Sr. has announced a voluntary 40% reduction in his salary,” a statement on the Liberian Government website read.

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“In addition to his own salary reduction, the President has pledged to empower the Civil Service Agency (CSA) to ensure that public servants’ salaries are in line with the current state of the nation and that workers receive fair compensation for their contributions to the country,” the statement read further.

“The Liberian Chief Executive pledged his commitment to financial responsibility and fair compensation for public servants from various sectors of society as a positive step towards fostering a culture of accountability and equity within the government.”

Mr Boakai’s move echoes that of his predecessor, George Weah, who took a 25% cut in his salary.

Tags: AfricaJoseph BoakaiLiberiaLiberian PresidentLiberians
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