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.
The Central Bank of Liberia has reacted to the report submitted by the Presidential Investigation Team on the US$25 million mop-up exercise, which was carried out by the Technical Economic Management Team through the Central Bank.
The Association of Liberian Human Resource Professionals is calling for the withdrawal of a recent communication issued by the Central Bank demanding junior managers and their deputies to work overtime.
The Liberia Senate on its second day sitting of the extraordinary session voted to reject a report on the status of the country’s economy presented by the Technical Economic Management Team of President George Weah.
The Central Bank of Liberia has concluded, after an internal investigation, that no money went missing “as has been erroneously reported in the local media.”
The much-anticipated meeting between the Economic Management Team and money exchangers ended in a deadlock on Wednesday, July 18 at the Central Bank of Liberia.
Milton A. Weeks has resigned as executive governor of the Central Bank of Liberia.