Liberian President, Boakai, slashes own salary by 40 percent

Liberian President, Boakai

President of the Republic of Liberia, Joseph Nyuma Boakai, has voluntarily slashed his salary by 40 percent.

Liberian President, Boakai2

Boakai, who was quoted in a statement published on Liberia’s government website on Saturday, said this move was “aimed at setting a precedent for responsible governance and nation-building”.

“In fulfilment of his commitment to fiscal integrity and national financial security, President Joseph Nyuma Boakai, Sr. has announced a voluntary 40 per cent reduction in his salary”, the statement added.

According to Boakai, the announcement reflects his determination to lead by example in strengthening government accountability and demonstrating solidarity with the people of the nation.

In February, Boakai disclosed that his annual salary was $13,400. His opting for a 40 percent pay cut will see the President’s annual salary reduced to $8,000.

Boakai’s move mirrors that of his predecessor, George Weah, who had previously implemented a 25 percent salary cut during his tenure.

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