The Liberian Senate has mandated its committees on ways, means, finance, and banking and currency to probe into the accelerating depreciation of the Liberian dollar against the U.S. dollar currency and the resulting adverse effect on the economy.
The General Auditing Commission has released its report on the US$25 million used to mop-up excess Liberian dollars on the market. The report shows many discrepancies between what the Central Bank reported and what the investigators found.
On Thursday, May 16, the General Auditing Commission submitted a report into the expenditure of the US$25 million to President George Weah, which was intended to mop up excess Liberian dollars from the market.
President George Weah has ordered the General Auditing Commission to conduct an investigative audit into how the US$25 million approved to be infused into the economy to mop excess Liberians dollars as a means to stabilize US-Liberian dollars exchange rate was expended.
President George Weah has instructed Charles Gibson to take over as officer-in-charge of the Liberia Anti-Corruption Commission, replacing James Verdier, who ended his tenure over the weekend.
President George Weah has appointed former information minister Laurence Bropleh as special envoy and presidential adviser.
Some citizens in Margibi are outraged about the slow pace at county officials are moving to use the US$2.7 million approved under the County and Social Development Fund in 2011 and 2013 to implement development projects.
An op-ed that makes the case for why former Auditor General John Morlu should contest the presidency in 2017.