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Thursday, February 1, 2018
In what is for the most part unprecedented in a developed country, and a rarity for a developing country, George Weah, the newly sworn-in president of Liberia has pledged to cut his own salary due to the country’s economic struggles. During a nationwide address in which he warned of tough times ahead for a “broke” country, Weah pledged to cut his own salary by a quarter.
“The state of the economy that my administration inherited leaves a lot to do and to be decided. Our economy is broken; our government is broke. Our currency is in free fall; inflation is rising,” Weah said. “Unemployment is at an unprecedented high and our foreign reserves are at an all-time low”, Weah address was seen as an attempt to the high expectations the citizenry has.
Weah had promised a crackdown on corruption,but has discovered the task is daunting since taking office just a week ago. “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%,” Weah said, pledging the savings be put toward to a development fund for Liberia.
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