An audit conducted by the General Auditing Commission (GAC) to reconcile the net account balances of the government's consolidated accounts as of January 17 and 19, 2024, has revealed discrepancies in the figures claimed by former President George Weah. Despite his assertion that he left US$40,044,305.
Monrovia — An audit conducted by the General Auditing Commission to reconcile the net account balances of the government's consolidated accounts as of January 17 and 19, 2024, has revealed discrepancies in the figures claimed by former President George Weah. Despite his assertion that he left US$40,044,305.90, the audit found that he actually left US$3,378,848.89 and US$6,918,142.97 on January 17 and 19, 2024, respectively.
In addition to the huge disprepancies in the amounts mentioned by both the former and current Presidents as balances in the consolidated accounts, the audit also discovered liabilities amounting to US$16,526,121.90 and US$16,526,842.58 on the same dates, indicating a net commitment left by the former administration for President Boakai to finance. These amounts were to be settled within 90-day period as at the end of the Budget Year 2023.
Further more, the GAC established that there were issuances of checks beyond the statutory six-month period totally US$9,144,138.95 and L$457,680,522.71 as of January 17, 2024, and US$11,836,676.49 and L$457,680,522.71 as of January 19, 2024. Such actions are in violation of Regulation R.6 of the PFM Act of 2009.
Additionally, the GAC noted that on November 30, 2023, the Central Bank of Liberia financed the Government of Liberia Payroll Account with US$50.2 Million for salary payments, lacking evidence of legislative approval, which violates Article 34 d of the 1986 Constitution of Liberia and Section 46.2 of the CBL Act of 1999.
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