The newly sworn in Liberian president, George Weah, has announced a 25 percent cut in his salary.
The Liberian president in his annoucement stated: “The state of the economy that my administration inherited leaves a lot to do and to be decided.”
Weah in his Monday address stated that that pay cut is aimed at proper management of the nation’s resources.
He added: “Our economy is broken; our government is broke. Our currency is in free fall; inflation is rising.”
He continued: “Unemployment is at an unprecedented high and our foreign reserves are at an all-time low.”
“In view of the very rapidly deteriorating situation of the economy, I am informing you today, with immediate effect, that I will reduce my salary and benefits by 25%.”