Tuesday, 30 January 2018

Liberian President George Weah Pledges To Cut His Salary

Liberian President George Weah of Liberia on Monday pledged to cut his salary by 25 percent. “The state of the economy that my administration inherited leaves a lot to do and to be decided,” the former international soccer star said. Currently, the President of Liberia earns about $100,000 yearly, meaning that Weah will relinquish about $25,000. 

“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 had promised a crackdown on endemic corruption as he was sworn in a week ago as cheers of thousands of exuberant supporters crammed into a stadium in the capital, Monrovia.

“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 percent,” Weah said, pledging the savings to a development fund for Liberia.

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