Liberian People’s Party Cautions Boakai Administration Against Excessive Debt to Avoid Future Economic Crisis
Monrovia – The Liberian People’s Party (LPP) has called on President Joseph Boakai to explain if the $714M dollars needed to pay for Liberia food projects between 2024 through 2030 is another debt to be added to Liberia’s US$2.3B dollar debts. [email protected]The LPP said while it appreciates the Boakai administration for stressing the importance of food sufficiency alongside modern and reliable infrastructure, the Unity Party-led administration should also pay attention to the consequences of excessive debts. The LPP believes the point being made here is that interest charged by the World Bank on loans given to creditor nations, including Liberia, is much too high. The LPP said it believes that a sustainable development strategy cannot rely on excessive borrowing of money. The LPP also urged the Boakai administration allocate 50% of the proceeds from all assets recovered to finance agriculture.
Source:Front Page Africa
August 07, 2024 13:41 UTC
Liberia: National Patriotic Party’s Partisans Seek NEC’s Intervention in Party’s Leadership Crisis
Monrovia- The National Patriotic Party (NPP) is facing an internal leadership crisis, which has led to concern among its partisans about potential de-certification by the National Elections Commission (NEC). By Jaheim T. Tumu- [email protected]The internal bickering between former Vice President Jewel Howard-Taylor and Chairman Atty. George Mulbah, which revolves around leadership legitimacy, factionalism, and adherence to the party’s constitution, has jeopardized and prevented the institution holding its seventh biennial convention to resolve the leadership crisis. Presenting the petition, the spokesperson, Daoda V. Metzger, suggested that to reach a common ground, the National Elections Commission (NEC) should convene a hearing involving former Vice President Taylor and Atty. Mulbah to derive a consensus on the setting up of a convention committee to plan and conduct the long overdue 7th Biennial convention of the party.
Source:Front Page Africa
August 06, 2024 20:38 UTC
Liberia: Tension Heightens Across Monrovia Amid Huge Police Presence in Anticipation of Protest
At the national headquarters of the opposition Coalition for Democratic Change (CDC), tensions flared between anti-riot police and party members. The CDC partisans were angered by the police deployment outside their headquarters, viewing it as a form of intimidation. At one end, officers were ordered to patrol around the CDC Headquarters. The acting party, Chairman Janga Kowo, was at the party headquarters. “Today, our party headquarters was besieged by Mr. Boakai and his police forces.
Source:Front Page Africa
August 06, 2024 07:43 UTC
Liberia: Multiple Issues Reportedly Hindering Yellow Machines’ Progress; President Reconsidering After 26th Orator’s Caution
As a result, the Ministry of Finance and Development Planning is said to be refusing to pay US$25 million down payment for the yellow machines. According to inside sources, President Boakai has instructed Presidential Affairs Minister Sylvester Grigsby to provide documents relating to the ongoing yellow machine negotiation. Having a second thoughtFPA has also learned that given the confusion over the yellow machine saga, and in the wake of Liberia’s 177th Independence orator’s advice, President Boakai is said to be contemplating on canceling the yellow machine negotiation. In her firebrand address, Dr. Robtel Neajai Pailey told the President that he has made some mistakes in some of his decisions including the yellow machine brouhaha. This move sparked concern and prompted the House of Representatives to summon key officials at the center to the machine negotiation.
Source:Front Page Africa
August 06, 2024 07:43 UTC
Liberia: Multiple Sources Confirm Ex-Finance Minister Ngafuan Tipped by President Boakai for Government Comeback
Monrovia – Speculations are rife about the possibility of Augustine Kpehe Ngafuan becoming the next Finance Minister of the country, following the resignation of Boima Kamara. By Edwin G. Genoway, Jr. –[email protected]Ngafuan served the Ellen Johnson Sirleaf government for 10 unbroken years in various capacities: as director of the bureau of budget, finance minister and foreign minister. Sources close to the Executive Mansion hinted FrontPage Africa the high possibility of President Joseph Boakai to nominate the African Development Bank (AfDP) Country Representative Uganda as Liberia’s next Finance Minister. Mr. Myers currently serves as the Deputy Minister for Fiscal Affairs but is now acting as Finance Minister following the leadership vacuum created at the Ministry. During the second term of President Sirleaf, Ngafuan was appointed Minister of Foreign Affairs & Dean of the Cabinet, a position he held until October 2015.
Source:Front Page Africa
August 05, 2024 16:33 UTC
Liberia: Suspended CBL Governor Demanded $1.3M to Resign, Challenges Suspension in Supreme Court
Monrovia – Suspended Executive Governor of the Central Bank of Liberia (CBL), J. Aloysius Tarlue, Jr., has petitioned the Supreme Court of Liberia against his suspension, raising critical questions about executive power and the legality of his removal. By Wliie Tokpah, [email protected]Sources tell FrontPageAfrica that before his suspension, Tarlue demanded $1.3 million to resign, but his request was not granted. The decision to suspend you is based on the Auditor General’s Report from the Compliance Audit of the Central Bank for the fiscal years 2018-2023,” President Boakai said in a communication to the embattled Central Bank Governor. The petitioner argued that the President’s action was illegal and unconstitutional, asserting that the removal of the Executive Governor of the CBL could only occur through impeachment by the National Legislature. Governor Pearson asked to resignFrontPageAfrica has also gathered that Deputy Governor Nyemadi D. Pearson has been asked by the Executive to resign.
Source:Front Page Africa
August 05, 2024 16:25 UTC
Liberia: Central Bank’s Governor Tarlue Challenges Suspension, Seeks Redress In Supreme Court
Monrovia- The legal landscape of Liberia is set to witness a high-profile case as J. Aloysius Tarlue, Jr., suspended Executive Governor of the Central Bank of Liberia (CBL), petitions the Supreme Court against his suspension. The case, presented before the Supreme Court of Liberia on Friday, August 2, raises critical questions about executive power and the legality of Tarlue’s removal. Tarlue: I write to inform you that you are hereby suspended from office as Executive Governor of the Central Bank of Liberia, without compensation, with immediate effect, pending the results of an investigation that I have ordered into your stewardship of the Central Bank of Liberia,” President Boakai in Tarlue’s suspension letter. The petitioner argued that the President’s action was illegal and unconstitutional, asserting that the removal of the Executive Governor of the CBL could only occur through impeachment by the National Legislature. Turtue, I am pleased to advise that based upon notification from the Honorable Liberian Senate of your confirmation, you are hereby appointed Executive Governor, Central Bank of Liberia, Republic of Liberia, effective Thursday, July 15, 2021.
Source:Front Page Africa
August 03, 2024 16:10 UTC
Senator Amara Konneh Debunks Corruption Allegation Linking Him to GAC Audit Report on Central Bank
The General Auditing Commission (GAC) reported that the General Reserve Account has been running a negative balance of L$18 billion since January 2018. Senator Konneh shared a timeline of the budget support received from the International Monetary Fund (IMF) to provide context. He explained that the audit findings suggest the CBL made an error in accounting for the Extended Credit Facility (ECF) loan for budget support. “First, the General Reserve Account is the result of cumulative income and loss (retained earnings) over the period under review. We encourage all interested parties to review the audit report in full to understand the context of its findings.
Source:Front Page Africa
August 02, 2024 21:06 UTC
Liberia: FrontPageAfrica Weighs In on Unity Party-Led Government’s War on Graft Amid Opposition Criticisms
Several people claimed that his war against corruption has focused on members of the opposition party, the CDC. Speaking to FrontPageAfrica, some political watchers expressed their views on the anti-corruption war by President Boakai. Ebee Kollie, a staff of Cuttington University, said “This war on corruption by President Boakai is a God sent Effort. Joseph Nyuma Boakai, President of LiberiaMoore Kieta, a student, said: “I wholeheartedly support the war on corruption by President Boakai. “How can someone say that the war on corruption is one sided, they are all playing partisan politics.
Source:Front Page Africa
August 02, 2024 20:14 UTC
“Gov’t Not Deterred by Your Empty Threats”
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Source:Daily Observer
August 02, 2024 09:48 UTC
‘Don’t Ignore People Who Could Help You Succeed’ – Former LCC President Cautions Government
We can’t afford to ignore the potential God has given us to succeed,” Bishop Brown asserted. “It’s a failed policy to ignore people who could help you succeed,” he stressed. While cautioning the government, Bishop Brown also highlighted the importance of citizens valuing the capabilities of others who can help them achieve their goals. “Many Liberians find it difficult to succeed,” he said, “because they ignore people in their lives who could help them succeed. Bishop Brown noted that this should serve as a lesson for all.
Source:Front Page Africa
August 02, 2024 08:52 UTC
Liberia: Suspension of CBL Executive Governor Faces Scrutiny as Bank’s Act Requires Impeachment
“President Joseph Nyuma Boakai, Sr., has reactivated the Economic Management Team… President Boakai has named Mr. Henry F. Saamoi as Acting Executive Governor of the Central Bank of Liberia (CBL). These transactions lacked legislative ratification, contrary to Article 34 d (iii) of the 1986 Constitution of Liberia and Section 46.2 of the CBL Act of 1999. CBL independenceThe suspension of the CBL Governor based on what many view as a political audit report raises concerns about the independence of the Central Bank of Liberia. The independence of a central bank is crucial for maintaining monetary policy credibility, ensuring financial stability, and promoting investor confidence. It is important to ensure that any investigation or decision regarding the central bank governor is conducted transparently, adhering to legal procedures and maintaining the principles of due process.
Source:Front Page Africa
August 01, 2024 21:25 UTC
Tweah Again!
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Source:Daily Observer
July 31, 2024 09:30 UTC