Finance Minister Tweah Links Sirleaf-Boakai Administration to Depletion, Mismanagement Country's Reserves

Nov 10, 2023 - 09:40
Nov 10, 2023 - 09:42
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Finance Minister Tweah Links Sirleaf-Boakai Administration to Depletion, Mismanagement Country's Reserves
Finance and Development Minister Samuel D. Tweah

MONROVIA: Finance and Development Minister Samuel D. Tweah is accusing the Sirleaf-Biakai administration of the depletion and mismanagement of reserves during their regime.

During a press briefing at the Ministerial Complex in Congo Town, Minister Tweah noted, "The Unity Party misused funds between 2011 and 2017, inherited by the Coalition for Democratic Change regime." He highlighted that President Weah successfully restored US$212 million, inheriting a debt of US$227 million and reserves of US$110 million and US$332 million in 2018.

Tweah criticized former VP Joseph Boakai, stating, "He wasted US$227 million without clear accountability." The debate over reserve depletion and restoration is expected to impact the upcoming runoff election.

Referring to reports from 2011, Tweah cited, "A decline in reserves from US$337.9 million to US$110 million by December 2017 under the UP administration." He urged citizens and Spoon Network panelists to question former Finance Minister Amara Konneh about the whereabouts of the depleted US$227 million during the Sirleaf-Boakai regime.

The Unity Party is yet to comment to these alligations. 

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